$HRS (Harris Corporation)

$HRS {{ '2016-02-02T11:59:43+0000' | timeago}} • Announcement

$HRS narrowed its FY16 non-GAAP EPS from continuing operations guidance to range of $5.70-5.80 from previous estimate of $5.60-$5.80, while lowering its GAAP EPS from continuing operations outlook to range of $2.80-2.90 from prior forecast of $5.25-5.45. $HRS cut its FY16 revenue forecast to $7.60-7.68Bil from prior estimate of $7.67-7.83Bil.

$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.

$HRS {{ '2017-05-31T13:22:55+0000' | timeago}} • Announcement

$HRS has been awarded contracts to provide $BA with sonobuoy launching technology for the U.S. Navy's P-8A anti-submarine aircraft. The contracts were awarded during 3Q17 of Harris.

$HRS {{ '2017-05-09T13:59:06+0000' | timeago}} • Announcement

$HRS received contracts valued at a total of $90MM from a European nation for tactical radios as part of the country's communications readiness program. The contracts were received during 3Q17.

$HRS {{ '2017-05-03T10:50:38+0000' | timeago}} • Announcement

$HRS narrowed its FY17 EPS guidance to $5.20-5.25 from $5.21-5.41 and its non-GAAP EPS estimate to $5.50-5.55 from $5.40-5.60. This excludes Exelis acquisition-related and other charges. $HRS cut organic revenue outlook to down about 1% from flat-to-down 2%. The company still expects FY17 free cash flow of about $800MM.

$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 {{ '2017-04-28T19:12:36+0000' | timeago}} • Announcement

$HRS completed sale of its government IT services business to Veritas Capital for $690MM in cash. Proceeds from the transaction will be used to support the company's capital allocation strategy, including pension pre-funding and share repurchases.

$HRS {{ '2017-04-24T14:58:59+0000' | timeago}} • Announcement

$HRS was awarded a 5-year $875MM ceiling, multi-award IDIQ contract by the U.S. Air Force for cryptographic and information assurance products, including support throughout their lifecycles. The contract was awarded to seven companies during the third quarter of Harris' fiscal 2017.

$HRS {{ '2017-02-02T15:32:56+0000' | timeago}} • Announcement

$HRS expects its FY17 GAAP income from continuing operations to be in the range of $5.21-5.41 per share and non-GAAP income from continuing operations to be in the range of $5.40-5.60. The company anticipated FY17 revenue to be in the range of $5.76-5.88Bil.

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