), a leader in the public safety and professional communications
market, has won consecutive orders for its Falcon tactical radios
from a NATO and a Central Asian country. Both the deals signify
the growing popularity of the company's radio products among the
defense sectors of different countries.
Harris won an $11 million contract from the Ministry of
Defense of a NATO country to provide them with Falcon III Secure
Personal Radio (SPR). As an IDIQ (Indefinite Delivery Indefinite
Quantity) contract, it can likely reach up to $20 million over
the next one year.
Harris' RF-7800S SPR advanced headsets and other related
accessories will help the country's soldiers to maintain voice
communication in the rapidly changing circumstances. They can
also share data and track each others position in the frontline
with the help of this product.
Similarly, it has received another order worth $7 million for
its Falcon tactical radio from a Central Asian nation. The radios
will provide interoperable communications so as to support the
international security forces in Afghanistan.
Melbourne-Florida based Harris will supply a wide range of
radio products including Falcon III RF-7800S SPR, RF-7800M
Multiband Networking Radio, RF-5800M handheld and RF-5800H
manpack radios. The armed forces will get secure voice and high
speed network data services across all levels of battlefield.
The Central Asian country, which is already a customer of
Harris' is upgrading its network with Harris' Falcon III product.
Earlier, in November the company won two $10 million plus
contracts for its Falcon III tactical radios -one from two
African nations and the other from US Air Force. This indicates
the increased acceptance of the company's Falcon III products
among various military and Government organizations.
Recently, Harris declared its first-quarter fiscal 2013
results with Earnings per Share surpassing the Zacks Consensus
Estimate. In the reported quarter, Tactical Radio Communications
received new orders worth $254 million and has an order backlog
of nearly $612 million.
Harris faces stiff competition from companies like
General Dynamics Corp.
), which also provide high-end public safety communications
We are maintaining our long-term 'Neutral' recommendation on
Harris Corporation. Currently, it holds a Zacks #3 Rank, implying
a short-term Hold rating.
BOEING CO (BA): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis
HARRIS CORP (HRS): Free Stock Analysis Report
RAYTHEON CO (RTN): Free Stock Analysis Report
To read this article on Zacks.com click here.