) recently announced that it has won a four-year contract worth
$37 million from the Veterans Benefits Administration's (VBA)
Enterprise Data Warehouse.
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Per the deal, Harris will offer services to the VBA department
which includes design, development, enhancement, integration,
implementation, maintenance and infrastructure facilities.
The data from the data warehouse is mainly used by the VBA
officials working across 57 regions, to deal with fraudulent
activities, execute financial auditing and send intelligence
reports to Congress. Thus, the implementation of Harris's
predictive analytics will certainly boost the overall performance
of VBA's Data Warehouse department.
Recently, Harris Corp. reported third-quarter 2013 financial
results, where the bottom line was in line with the Zacks
Consensus Estimate but the top line missed the same. Total orders
generated during the quarter were worth $1.13 billion.
Harris currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some other stocks in the defense sector and public safety are
General Dynamics Corp.
The Boeing Co.
Motorola Solutions Inc.
). While net earnings of General Dynamics missed the Zacks
Consensus Estimate in the first quarter, Motorola Solutions and
Boeing handily surpassed the Zacks Consensus Estimate. Boeing,
Motorola Solutions and General Dynamics carry a Zacks Rank #3
Harris Corporation, based in Melbourne, FL, remains one of the
leaders in the public safety and professional communication
market and boasts products ranging from industry leading
multi-band, multi-mode radios, public safety-grade broadband
voice, video and data solutions.