Recs

0

Army Lifts Ceiling on Harris Contract to $500 Million

By | More Articles
March 18, 2013 | Comments (0)

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Melbourne, Fla.-based defense contractor Harris Corporation (NYSE: HRS  ) got another boost from the Pentagon Monday, announcing that it has received an increase in the ceiling value of the 2011 Indefinite Delivery, Indefinite Quantity (IDIQ) supply contract it  won to supply U.S.-allied governments with radios, accessories, systems, and related service. The new contract ceiling value is $500 million.

This contract authorizes sales of military and land mobile radio systems to unspecified "international partners of the U.S. State Department and U.S. Department of Defense," and is part of the U.S. government's Foreign Military Sales program, through which the U.S. government acts as intermediary in supplying allied governments with U.S. defense hardware.

Good news nothwithstanding, Harris shares declined 0.1% in Monday trading, closing at $44.30.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Fool contributor Rich Smith has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

DocumentId: 2319154, ~/Articles/ArticleHandler.aspx, 5/24/2013 2:36:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 15,286.79 -7.71 -0.05%
S&P 500 1,647.22 -3.29 -0.20%
NASD 3,453.01 -6.41 -0.19%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/24/2013 2:18 PM
HRS $50.13 Up +0.03 +0.06%
Harris Corp CAPS Rating: *****

Advertisement