), one of the leading companies in the public safety and
professional communication market, has recently won a contract
worth $38 million from the U.S. Air Force. Per the deal, the
company will supply Falcon III AN/PRC-117G multiband manpack and
AN/PRC-152A multiband handheld tactical radio systems.
The popular Falcon III tactical radios will also facilitate
aerial communication. Moreover, its secure voice and data
communication services will solve mission critical issues by
providing logistical and customer field support.
Furthermore, the deployment of Joint Tactical Radio System (JTRS)
wideband networking will offer both ways communication support to
the unit, thereby securely connecting to the Global Information
These radios are light in weight and can be carried to critical
operations. Integrated with the company's Adaptive Networking
Wideband Waveform, the radios enable the use of the battle
Harris has supplied more than 40,000 of its popular AN/PRC-117G
and AN/PRC-152A radios to the U.S. military departments and more
than 15 allied countries.
Last month, Harris won two major contracts worth $960 and $150
million, from the U.S. Air force Network-Centric Solutions-2
(NETCENTS-2) Application Services and the Federal Aviation
Administration's (FAA) NextGen Data Communications Program,
Per the deals, Harris will supply an indefinite amount of
IT-related products and services for three years to NETCENTS-2
and terrestrial circuits and high-frequency data communication
services to the DCNS department of FAA.
Recently, Harris reported fourth-quarter 2013 financial
results where the bottom line met the Zacks Consensus Estimate
and the top line surpassed the same. During the quarter, the
Tactical Radio Communications segment generated $498 million
while the total order backlog for the quarter was $743 million.
Thus, we believe that wining such contracts will certainly boost
the company's top line.
BOEING CO (BA): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis
HARRIS CORP (HRS): Free Stock Analysis Report
UBIQUITI NETWRK (UBNT): Free Stock Analysis
To read this article on Zacks.com click here.
Harris currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
The stocks that are performing better in the defense and public
safety sector are
General Dynamics Corp.
The Boeing Co.
Motorola Solutions Inc.
). All three have a Zacks Rank #3 (Hold).