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Harris Wins Tactical Radio Deal from Latin American Nation

Harris Corp.HRS , a leading supplier of communications equipment and services, recently landed a deal worth $21 million from a Latin American nation for the delivery of its popular wideband Falcon III tactical radio systems.

These RF-7800H wideband tactical radios will help upgrade military communication systems by means of offering high long distance network speeds. Moreover, the radios will help the department share voice messages, images and other extended data files over long distances within lesser time.

A few days back, Harris received orders worth $13 million from Air National Guard (ANG) to deliver vehicular tactical and public safety radio systems. Earlier this month, Harris struck a $228 million IDIQ deal with the Space and Naval Warfare (SPAWAR) Systems Center Pacific in San Diego, CA, to assist the U.S. Navy's maritime mine countermeasures (MCM) endeavors. The five-year contract incorporated a three-year base and two one-year options. In the ongoing first quarter, the company has already won contracts worth over $400 million.

Meanwhile, Harris reported fourth-quarter 2015 financial results wherein both the top and the bottom line outpaced the Zacks Consensus Estimate mainly buoyed by synergies from the Exelis integration. The segment generated orders worth $402 million from the Tactical Radio Communications business and $128 million from the Public Safety and Professional Communications business in the quarter. Total order backlog at the Tactical Radio Communications segment and the Public Safety and Professional Communications segment stood at $488 million and $514 million, respectively.

Thus, we believe that such strong order backlog coupled with continuous contract wins will certainly boost the company's top line.

Harris currently carries a Zacks Rank #1 (Strong Buy).

Other Stocks to Consider

Some other favorably ranked stocks in this sector are Leidos Holdings, Inc. LDOS , Citrix Systems, Inc. CTXS and Calix Inc. CALX . All three companies also sport a Zacks Rank #1.

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HARRIS CORP (HRS): Free Stock Analysis Report

CITRIX SYS INC (CTXS): Free Stock Analysis Report

CALIX INC (CALX): Free Stock Analysis Report

LEIDOS HOLDINGS (LDOS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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