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Harris Corp (HRS.N)

HRS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Harris to receive initial delivery of about 2.9 mln shares of stock from Morgan Stanley on Feb 6
Monday, 6 Feb 2017 08:16am EST 

Harris Corp : Harris - to pay prepayment amount to morgan stanley, to receive on feb 6 initial delivery of about 2.9 million shares of common stock from morgan stanley . Harris corp - enters into asr agreement with morgan stanley & co. Llc to repurchase shares of co's stock for an initial payment of $350 million .Harris corp- final settlement of transaction under asr agreement is expected to occur prior to end of co's fiscal 2017- sec filing.  Full Article

Harris Corp reports Q2 earnings per share $1.33 from continuing operations
Thursday, 2 Feb 2017 06:30am EST 

Harris Corp - : Harris Corporation reports fiscal 2017 second quarter results . Sees FY 2017 non-gaap earnings per share $5.40 to $5.60 from continuing operations excluding items . Sees FY 2017 gaap earnings per share $5.21 to $5.41 from continuing operations . fy2017 earnings per share view $5.80, revenue view $7.20 billion -- Thomson Reuters I/B/E/S . Q2 gaap earnings per share $1.33 from continuing operations . Q2 revenue $1.7 billion versus I/B/E/S view $1.77 billion . Sees FY 2017 revenue $5.76 billion to $5.88 billion . Q2 earnings per share view $1.38 -- Thomson Reuters I/B/E/S . Following close of quarter, Harris board approved a new $1.0 billion share repurchase authorization . New authorization is in addition to remaining unused authorization of $584 million under company's existing repurchase program .Company now expects fiscal 2017 share repurchases to total $700 million.  Full Article

Harris says If agreement is terminated under some circumstances, MHVC Acquisition would be required to pay co reverse termination fee of $40 mln
Wednesday, 1 Feb 2017 05:37pm EST 

Harris Corp :Harris-If agreement is terminated under some circumstances, mhvc acquisition would be required to pay co reverse termination fee of $40 million - sec filing.  Full Article

Harris Corp to sell its government it services business to Veritas Capital for $690 mln
Friday, 27 Jan 2017 08:45am EST 

Harris Corp : Harris corporation to sell its government it services business to veritas capital for $690 million . Harris corp - harris' air traffic management franchise, primarily serving faa, is not part of divestiture and will remain with harris . Harris corp - expects to benefit from use of cash proceeds and restructuring related to divestitures . Harris corp - harris' air traffic management business will now operate as part of company's electronic systems segment . Harris - as a result, harris will have three business segments with no changes to its communication systems or space and intelligence systems segments .Harris -to benefit from cash proceeds,restructuring actions resulting in fiscal 2018 net dilution in range of $0.10-$0.15 per diluted share.  Full Article

Harris Corporation to supply electronic warfare systems to Royal Moroccan Air Force
Tuesday, 10 Jan 2017 11:00am EST 

Harris Corp : Harris Corporation to supply electronic warfare systems to Royal Moroccan Air Force . Contract was awarded during Q2 of harris' fiscal 2017 . Has been awarded a $91 million IDIQ contract by Warner Robins Air Logistics Center .$91 million IDIQ contract to provide AN/ALQ-211 Advanced Integrated Defensive Electronic Warfare Suite systems to Royal Moroccan Air Force.  Full Article

Harris files for potential mixed shelf size not disclosed - SEC filing
Wednesday, 31 Aug 2016 06:40pm EDT 

Harris Corp : Files for potential mixed shelf; size not disclosed - SEC filing Source - (http://bit.ly/2bCYCgu) Further company coverage: [HRS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Harris Corporation increases quarterly dividend
Monday, 29 Aug 2016 09:31am EDT 

Harris Corp :Harris Corporation increases quarterly dividend six percent to 53 cents per share.  Full Article

Harris Corp Q4 non-GAAP earnings per share $1.45 from continuing operations
Tuesday, 2 Aug 2016 06:30am EDT 

Harris Corp : Sees FY 2017 gaap earnings per share $5.53 to $5.73 from continuing operations . Q4 non-GAAP earnings per share $1.45 from continuing operations . Q4 earnings per share view $1.44 -- Thomson Reuters I/B/E/S . Harris corporation reports fiscal 2016 fourth quarter and full fiscal year results . Q4 revenue $1.9 billion versus I/B/E/S view $1.94 billion . Sees FY 2017 non-GAAP earnings per share $5.70 to $5.90 from continuing operations excluding items . Sees FY 2017 revenue $7.11 billion to $7.33 billion . Q4 GAAP earnings per share $1.29 from continuing operations . Initial guidance for fiscal 2017 for GAAP income from continuing operations is a range of $5.53 to $5.73 per diluted share . Initial guidance for fiscal 2017 for non-GAAP income from continuing operations is a range of $5.70 to $5.90 per diluted share .Initial guidance for fiscal 2017 revenue is a range of $7.11 to $7.33 billion.  Full Article

Harris Harris Corporation awarded $1.7 bln foreign military sales IDIQ contract
Thursday, 23 Jun 2016 09:26am EDT 

Harris Corp :Harris corporation awarded $1.7 billion foreign military sales idiq contract for tactical communication solutions.  Full Article

Nasa increases Harris's space communications network services contract ceiling
Monday, 23 May 2016 09:00am EDT 

Harris Corp :Year options, adding $384 million of contract ceiling for space communications network services program.  Full Article

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