) recently announced that it has won a contract worth $40 million
from the Royal Brunei Armed Forces to supply Falcon tactical
Harris' tactical communications system portfolio includes its
industry-leading Falcom III 7800 tactical radio family. Brunei's
military service will get different types of industry Falcon III
tactical radios which will not only help the department to boost
its voice and data communication services but also solve mission
critical issues by providing logistical and customer field
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 out of which $297 million came from the
Tactical Radio Communications business. Moreover, the Tactical
Radio Communications business generated $276 million during the
quarter while the total order backlog in the Tactical Radio
Communications segment was $582 million.
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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