Harris Corporation (NYSE:HRS) has received an order worth $260 million to develop an integrated communications network as part of an Asia-Pacific nation’s modernization program.
The integrated network solution will comprise Harris as well as partner companies’ tactical radios, network planning, monitoring and routing software, plus other systems and technology. The solution consisting of Harris’ supreme Falcon IIIAN/PRC-158 multi-channel manpack radios and vehicular amplifiers will provide voice and data services to tactical forces for line-of-sight and beyond-line-of-sight applications.
Harris currently provides tactical radio communication services to the concerned Asia-Pacific country. Additionally, the aforesaid order will enhance the integration of Harris’ advanced products into the respective nation’s tactical communications network.
Harris has been consistently focusing on business innovation in a bid to deliver some of the best technology and products in the industry. Earlier in the year, the company delivered an advanced digital weather satellite instrument to Korea Aerospace Research Institute in South Korea. The instrument will help forecasters protect people from severe weather conditions in the region.
The company was also selected by Lockheed Martin (NYSE:LMT) in June to upgrade mission system avionics for the F-35 Lightning II as part of the Technology Refresh #3 (TR3) program. This will lead to a significant improvement in the combat aircraft’s data storage, display processing and throughput capabilities.
Zacks Rank & Key Picks
Harris currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Computer and Technology sector are Sonus Networks, Inc. (NASDAQ:SONS) and Motorola Solutions, Inc. (NYSE:MSI) . While Sonus Networks sports a Zacks Rank #1 (Strong Buy), Motorola holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Sonus Networks and Motorola have gained more than 25% and 3%, respectively, on a year-to-date basis.
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