Harris (HRS) Inaugurates Global Innovation Center In Florida

Harris Corporation (NYSE:HRS) recently opened the Harris Global Innovation Center in Florida, aninnovative facility to showcase various aspects of technology.

The 23,000 square foot facility is part of Harris’ $150 million investment over the last three years. During this period, the company has created some of the most advanced facilities in Central Florida, such as the HarrisTechnologyCenter in Palm Bay. Notably, Harris has created over 500 well paying jobs in the area in the past year.

Details of the New Center

Harris’ new innovation center was jointly inaugurated by its Chairman, President and CEO William M. Brown, Florida Senator Bill Nelson and Congressman Bill Posey along with local community leaders and representatives of its partner companies. The center has an interactive experience area for visitors that enables them to explore the massive contribution of technology toward providing information, connecting people and protecting customers. The main attraction of the center is a 20x7 foot interactive mural that displays the ways in which Harris’ technology transforms million of lives daily. The facility will also screen a mission simulation movie focusing on customer’s missions. These apart, the Harris Global Innovation Center has a wall of heroes where war fighters and first responders make visitors aware of the crucial role of technology in saving lives. Per Brown, the recently unveiled facility will inspire students and the next generation and thus, promote innovation.

Harris is well known for providing some of the best communication products and technologies to defense clients worldwide. The company has a dedicated focus on innovation. The company does face competition in the sector from peers such as Arc Group Worldwide (NASDAQ:ARCW) and Viasat Inc. (NASDAQ:VSAT) .

Zacks Rank and Stocks to Consider

Harris carries a Zacks Rank #4 (Sell). A better-ranked stock in the wireless equipment sector is InterDigital Inc. (NASDAQ:IDCC) , which sports a Zacks Ranks #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

InterDigital has posted an earnings surprise in each of the last four quarters with average surprise of 82.43%.

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