) recently announced that it has won a contract worth $45 million
from the Department of Homeland Security (DHS) Immigration and
Customs Enforcement (ICE) tactical communications networks.
Harris, in collaboration with Computer Sciences Corporation
and other subcontractors, will offer 24/7 technical support to
the 15,000 law enforcement officers. The department's tactical
communications networks located across the U.S., Puerto Rico and
the U.S. Virgin Islands will also get full technical support from
Implementations of Harris's secure communication system will
not only reduce costs but will also provide reliable and faster
service to various departments.
Recently, Harris Corp. reported third-quarter 2013 financial
results. It met the Zacks Consensus Estimate but the top line
missed the same. Total orders generated during the quarter were
$1.13 billion. The RF Communications Segment contributed $417.7
million of revenues during the recently reported quarter, of
which Public Safety and Professional Communications contributed
Harris currently carries a Zacks Rank #3 (Hold).
Harris Corporation, based in Melbourne, Fla., 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.
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
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