Key Developments: Harris Corp (HRS)
50.40USD
21 May 2013
$0.04 (+0.08%)
$50.46
$50.55
$50.83
$50.23
334,484
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$52.23
$38.46
Latest Key Developments (Source: Significant Developments)
Harris Corp Receives $40 Million Order To Provide Falcon Tactical Radios To Royal Brunei Armed Forces
Harris Corp announced that it has received a $40 million order for Falcon tactical radios from the Royal Brunei Armed Forces. The radios will be part of a broader tactical communications system. Harris will supply Brunei's military with several different models from its Falcon III family. The radios provide high-performance line-of-sight and beyond-line-of-sight voice and data communications, including wideband networking. Harris also will provide logistical and customer field support. The order was received in the third quarter of Harris 2013 fiscal year. Full Article
Harris Corp Reaffirms FY 2013 EPS Guidance
Harris Corp reaffirmed fiscal 2013 guidance announced on April 11 for non-GAAP income from continuing operations in a range of $4.60 to $4.70 per diluted share, which excludes charges related to the announced restructuring and other actions ($3.95 to $4.33 per diluted share on a GAAP basis). According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.65 for fiscal 2103. Full Article
Harris Corp Declares Quarterly Dividend
Harris Corp announced that the Board of Directors has declared a quarterly cash dividend of 37 cents per share on the common stock, payable June 14, 2013 to shareholders of record May 31, 2013. Full Article
Harris Corp Secures $19 Million Contract to Improve Virginia County Critical Communications
Harris Corp announced that Spotsylvania County, Virginia, has awarded the Company a $19 million contract to replace its existing public safety radio system with one that improves its coverage area and is based on the latest technology standards. The new system will improve communications for law enforcement, fire service and Emergency Medical Service (EMS) personnel who serve one of Virginia`s counties. The new Harris system includes seven new transmission sites and increases the communications capacity and extends coverage to more than 9 % of the county -- a increase compared with the existing solution. Full Article
Harris Corp Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance
Harris Corp announced that for the third quarter of 2013, it expects income from continuing operations to be approximately $1.12 per diluted share and revenue to be approximately $1.20 billion. For fiscal 2013, it expects income from continuing operations to reduced from a previous range of $5.00 to $5.20 per diluted share to a range of $4.60 to $4.70, excluding charges related to restructuring and other actions ($3.95 to $4.33 per diluted share on a GAAP basis) and revenue is expected to decline 6% to 7% compared to fiscal 2012. The Company reported revenue of $5.451 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.26 on revenue of 1.32 billion for the third quarter of 2013; EPS of $5.03 on revenue of $5.26 billion for fiscal 2013. Full Article
Harris Corp Receives $29 Million Order From Nation In Asia For Falcon III Tactical Radios
Harris Corp announced that it has received a $29 million order to provide a nation in Asia with Falcon III wideband tactical radios. The radios will provide the country`s armed forces with critical country-wide data communications and improved mission capabilities as part of an overall modernization effort. Full Article
Harris Corp Secures Contract From U.S. Army Communications Electronics Command
Harris Corp announced that it has received a $500 million increase in the ceiling value of 2011 Indefinite Delivery, Indefinite Quantity (IDIQ) contract with the U.S. Army Communications Electronics Command. Under the contract, Harris provides military and land mobile radio systems to international partners of the U.S. State Department and U.S. Department of Defense. The contract is part of the U.S. government's Foreign Military Sales program, which supports coalition building and interoperability through sales of defense equipment, training and services. Full Article
Harris Corp Secures Study Contract To Help Modernize U.S. Defense Weather Satellite Program
Harris Corp announced that it has been awarded a contract to study and make recommendations to help modernize the U.S. Defense Meteorological Satellite Program. The contract was awarded by the U.S. Air Force Space and Missile Systems Center`s Defense Weather Systems Directorate. As part of the study, Harris will analyze the existing Defense Meteorological Satellite Program (DMSP) space and ground assets and create plans to show how each can evolve into the Weather Satellite Follow-on (WSF) to meet mission needs and lower life cycle costs. Key items to be considered include information assurance, net-centric data strategies, scalability and affordability. Full Article
Harris Corp Secures $42 Million Contract From Chester County
Harris Corp announced that it has received a $42 million contract from Chester County, Pennsylvania to deploy and maintain an emergency communications system that will deliver superior coverage, interoperability with surrounding radio systems and the capacity to meet future growth. Harris, an international communications and information technology company, will install a Project 25 (P25) Phase II system - the most advanced technology available - to meet the county`s needs. Full Article
Harris Corp Declares Quarterly Dividend
Harris Corp announced that it has declared a quarterly cash dividend of 37 cents per share on the common stock, payable March 20, 2013 to shareholders of record March 7, 2013. Full Article
Fitch raises Texas' Harris County revenue bond rating to AA
April 19 - Fitch Ratings on Friday raised the rating on Harris County, Texas, senior lien toll revenue bonds to AA from AA-minus, affecting about $2 billion of debt.
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