), a leader in the public safety and professional communications
market, recently got a major push as it secured three contracts
for its tactical radio products from both the U.S. as well as the
international markets. The combined value of the contracts stands
at around $183 million.
Harris received a $92 million contract from a Middle Eastern
country and will provide them its latest Fusion 4G LTE (long term
evolution) base stations, Harris RF-7800W high capacity line of
sight and RF-7800H high frequency tactical radios. The LTE system
and the wideband tactical radios will allow soldiers to avail
secure IP based voice, data and video services across the war
Melbourne, Fla.-based Harris also won a $55 million contract
for its Falcon line of tactical radios from an overseas customer.
Under the terms of the contract, Harris will deliver its RF-5800H
high frequency and RF-5800V very high frequency radios and
accessories, which will be part of the customer's tactical radio
Inspite of the tightness in the U.S. government's defence
expenditure, Harris has managed to win orders worth $36 million
from the U.S. Special Operations Command (USSOCOM) to deploy a
state-of-the-art wideband tactical communications system. USSOCOM
will receive AN/PRC-117G manpack and AN/PRC-152A handheld radios
that will allow the armed forces with situational awareness in
the battlefield to deliver real-time tactical information.
These deals signify the growing global popularity of the
company's communication products among the defence sectors of
various countries. We believe that these new contracts will allow
Harris to compensate the loss due to the ongoing defence budget
contraction in the U.S.
Currently, Harris carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Other stocks in this industry that are worth considering
Ubiquiti Networks Inc.
). Currently, Ubiquiti and ShorTel currently hold a Zacks Rank #1
(Strong Buy), while InterDigital carries a Zacks Rank #2
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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