$HRS (Harris Corporation)

$HRS {{ '2017-05-03T10:50:18+0000' | timeago}} • Announcement

$HRS reported a drop in 3Q17 earnings due to discontinued operations from CapRock and government IT services. Net income fell to $85MM or $0.69 per share from $168MM or $1.34 per share last year. Revenue declined to $1.49Bil from $1.55Bil, due to divested Aerostructures business. Non-GAAP EPS increased to $1.38 from $1.35.

$HRS {{ '2017-11-06T19:34:41+0000' | timeago}} • Announcement

The National Oceanic and Atmospheric Administration's (NOAA) Joint Polar Satellite System-1 (JPSS-1), which is scheduled to launch on Nov. 10, will feature an advanced $HRS environmental measurement instrument to improve U.S. weather forecasting.

$HRS {{ '2017-10-31T12:52:56+0000' | timeago}} • Announcement

$HRS reiterated its 2018 revenue outlook of $6.02-6.14Bil, up 2-4% from FY17. The company also reiterated its 2018 EPS from continuing operations guidance of $5.85-6.05 and its free cash flow forecast of $850-900MM.

$HRS {{ '2017-10-31T12:51:07+0000' | timeago}} • Announcement

$HRS' Space and Intelligence Systems revenue for 1Q18 increased 3% from higher Classified revenue, driven by space superiority programs, partially offset by lower revenue on environmental programs. Operating income grew 10% driven by higher volume, strong program performance and incremental pension income.

$HRS {{ '2017-10-31T12:49:44+0000' | timeago}} • Announcement

$HRS' Electronic Systems revenue for 1Q18 rose 1% from higher volume in Avionics with growth in several platforms, including the F-35, and the ramp of the UAE battle management system, mostly offset by lower volume from the ADS-B program transition.

$HRS {{ '2017-10-31T12:48:33+0000' | timeago}} • Announcement

$HRS' Communication Systems revenue for 1Q18 declined 5% on lower International Tactical Communications volume. DoD Tactical Communications received several significant orders to meet ongoing base-business demand and support U.S. Army modernization.

$HRS {{ '2017-10-31T12:43:47+0000' | timeago}} • Announcement

$HRS reported a 0.6% rise in 1Q18 earnings driven by last year's Exelis acquisition-related charges as well as its focus on productivity and program execution. Net income rose to $161MM or $1.32 per share from $160MM or $1.27 per share last year. Revenue slid 0.5% to $1.41Bil, on lower International Tactical Communications volume.

$HRS {{ '2017-10-31T11:25:08+0000' | timeago}} • Infographic

$HRS Harris Corp. Earnings AlphaGraphic: Q1 2018 Highlights

$HRS {{ '2017-10-16T13:49:28+0000' | timeago}} • Announcement

$HRS received a $133MM contract to supply electronic jammers. The contract was awarded during 1Q18. Under the contract, Harris will manufacture and deliver IDECM jammers for the F/A-18C/D/E/F variants. Deliveries to the U.S. Navy and to Australia through the U.S. government’s Foreign Military Sales program are expected to be complete by May 2020.

$HRS {{ '2017-10-13T15:16:32+0000' | timeago}} • Announcement

$HRS awarded a five-year single-award IDIQ contract from the U.S Department of Navy to offer tactical radios and ancillary devices to the Navy and Marine Corps. The new contract of approx. $765MM, replaces the $30MM IDIQ contract that expired in August.

$HRS {{ '2017-10-02T18:14:46+0000' | timeago}} • Announcement

$HRS received a $260MM order during its 1Q18, to develop an integrated tactical communications network as part of an Asia-Pacific country’s modernization program.

$HRS {{ '2017-09-13T13:35:54+0000' | timeago}} • Announcement

The United Kingdom's Ministry of Defence (MOD) has awarded $HRS a contract worth up to $70MM to provide T7 robotic systems, with a highly intuitive control interface and haptic feedback, to support U.K. explosive ordnance disposal (EOD) missions around the world.

$HRS {{ '2017-09-12T11:11:13+0000' | timeago}} • Announcement

$HRS received development contract from MBDA to provide carriage and release systems to support U.K.'s SPEAR precision strike missile future air combat capability requirements, including U.K. F-35 Lightning II Joint Strike Fighter. This follows close of concept assessment phase contract and provides option for upcoming demonstration phase contract.

$HRS {{ '2017-08-25T19:35:44+0000' | timeago}} • Webcast

Technology company $HRS has declared a quarterly cash dividend of 57 cents per share on its common stock, which is higher by 4 cents compared to the previous dividend. The dividend is payable on September 22, 2017, to shareholders of record on September 8, 2017.

$HRS {{ '2017-08-09T16:54:04+0000' | timeago}} • Announcement

$HRS has delivered the third of 10 advanced navigation payloads to $LMT, which will increase accuracy, signal power and jamming resistance for US Air Force GPS III satellites. The payload is expected to be integrated into GPS III Space Vehicle 3 this summer.

$HRS {{ '2017-08-03T19:55:45+0000' | timeago}} • Announcement

$HRS has received a delivery order to supply its multi-channel Falcon III HMS Manpack radios to support two major U.S. Army test events. The order, received during 1Q18, also includes vehicle installation kits, ancillaries, training and field service representative support. The first radios are expected to be delivered in the spring of 2018.

$HRS {{ '2017-07-10T16:31:03+0000' | timeago}} • Announcement

$HRS received a 5-year $461MM ceiling, multi-award IDIQ contract to modernize the U.S. Army's mission-critical communications network. $HRS will upgrade the land mobile radio (LMR) system infrastructure on Army bases across the U.S., as well as replace existing systems with the latest technology.

$HRS {{ '2017-06-27T13:24:35+0000' | timeago}} • Announcement

Tech company $HRS has appointed Chris Tucker as VP and Managing Director of its Middle East operations. Tucker, a retired Army Brigadier, succeeds Wes Covell who is retiring after a 26-year career with Harris. Previously, Tucker was VP of International Business Development at Harris. He will be based in Abu Dhabi.

$HRS {{ '2017-06-19T20:28:59+0000' | timeago}} • Announcement

The US Special Operations Command has awarded $HRS a six-year, $255MM ceiling contract to supply powerful next-generation multi-channel manpack radios that will enable superior communications for US Special Operations Forces on the battlefield.

$HRS {{ '2017-06-06T14:52:29+0000' | timeago}} • Announcement

Technology company $HRS has received a five-year, $500MM ceiling, single-award IDIQ contract from the National Geospatial-Intelligence Agency (NGA) to develop software for NGA analysts and customers to search and retrieve data from intelligence systems efficiently.

$HRS {{ '2017-06-05T19:11:06+0000' | timeago}} • Announcement

The first 4 maritime vessel tracking receivers of $HRS have become operational, marking  beginning of the only global real-time ship tracking capability that is based on Automatic Identification System. Launched onboard four satellites, the maritime tracking system is tracking 250,000 ships and providing data to government and commercial customers.

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