Harris Corporation Books 3 New Radio Orders

Harris Corporation (NYSE: HRS  ) is ending 2013 with a flurry of orders. The company reported today that it received a $36 million booking from a NATO country that it did not identify for its Falcon II AN/PRC-150(C) high-frequency tactical radios. The nation's special forces will use the radios, in both pack and vehicular configurations, for what Harris terms "beyond-line-of-sight environments." 

The company also announced this week that it's gotten a follow-on order from Australia's Department of Defense for Falcon II AN/PRC-150(C)s in pack configuration and Falcon III AN/PRC-152 handheld radios. The order totals $100 million. It is part of that country's JOINT Project 2072, a communications modernization program for the military.

Lastly, Harris said this week it booked a $49 million order covering several Falcon III models from a Middle Eastern country that it did not name. The supplied radios are to be integrated with vehicular communications systems in support of a broad network. This network will be used to support the country's military and security forces. 

In terms of both share price and fundamentals, Harris has been doing very well of late. In its most recently reported quarter, the firm in October reported EPS of $1.18, $0.05 higher than the average analyst estimate, and its tally for new orders exceeded revenues booked. Since the beginning of October, its stock has risen steadily from just under $60 to the present level of $70.02. 


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

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2777238, ~/Articles/ArticleHandler.aspx, 9/27/2016 9:50:28 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 34 minutes ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

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

9/27/2016 4:02 PM
HRS $91.58 Up +1.45 +1.61%
Harris CAPS Rating: ****