) recently announced that it has won an order worth $23 million
from a Middle East-based company, to supply Falcon III tactical
radios, accessories, software, service and support in order to
modernize its departments.
The order to be delivered to the Middle East country belongs to
the Harris Falcon III RF-7800 range which includes lightweight
RF-7800S that supports two-way voice and data communications
around lightweight RF-7800S for wideband mobile ad-hoc
networking; and the RF-7800W High-Capacity Line-of-Sight Internet
Protocol radio which offers super-fast data backhaul service.
Apart from that, Harris will also supply networking components,
accessories and spares to that nation.
The Falcon III wideband technology facilitates faster
transmission of data, voice and video in a secure manner and is
gaining huge popularity within the defense sector of many
countries worldwide. Moreover, these tactical radios also support
video streaming, delivery of data and information across wideband
networks during warfare.
Presently, Harris is showing more interest in expanding its
international presence by supplying its technology to emerging
economies like Brazil, Russia, India, and China as well as Latin
American, Asia-Pacific, and African regions. Currently, the
company has a sustainable and diversified product pipeline with a
potential market size of $15 billion.
As a leading government electronics supplier, Harris is
benefiting from favorable global market conditions globally. In
fact, emerging economies and like Brazil, Russia, India, and
China together with Latin American, Asia-Pacific, and African
regions have paved the way for the company's growth over the long
Harris currently carries a Zacks Rank #4 (Sell).
Other Stocks to Consider
While we prefer to avoid Harris until we see signs of improvement
in the company's performance, other stocks in this industry that
are worth considering include
Ubiquiti Networks Inc.
). While ShorTel and Ubiquiti currently have a Zacks Rank #1
(Strong Buy), InterDigital has a Zacks Rank #2 (Buy).
HARRIS CORP (HRS): Free Stock Analysis Report
INTERDIGITL INC (IDCC): Free Stock Analysis
SHORETEL INC (SHOR): Free Stock Analysis
UBIQUITI NETWRK (UBNT): Free Stock Analysis
To read this article on Zacks.com click here.