) has won orders worth $85 million from the U.S. Air Force to
supply Falcon multiband manpack tactical radios and related
devices. Additionally, the company will also make another
delivery of $33 million to the U.S. Air Force team.
The implementation of the popular Falcon III AN/PRC-117G will
not only provide wideband data communications support but will
also allow the Air Force team to easily get linked with the
Global Information Grid, hence delivering faster network
Harris' AN/PRC-117G radio is gaining huge popularity around
the world. Already the company has supplied 25,000 devices in
Canada, France, Germany, Australia, Poland and several other
countries in NATO.
In the recently concluded quarter, Harris' bottom line topped
the Zacks Consensus Estimate. In the reported quarter, the
Tactical Radio Communications business garnered $307 million
revenue. It also generated new orders worth $254 million with a
total order backlog of $612 million.
Harris Corp.'s consistent deal wins and huge order backlog are
particularly encouraging, since it remains exposed to stiff
competition from the companies like
General Dynamics Corp.
), which also provide high-end public safety communication
Harris Corporation, based in Melbourne, Florida, 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.
We are maintaining our long-term 'Neutral' recommendation on
Harris Corporation. Currently, it holds a Zacks #3 Rank, implying
a short-term Hold rating.
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