Harris Wins Caribbean Order - Analyst Blog
28 Gennaio 2013 - 7:50PM
Zacks
Harris Corporation (HRS) has emphasized its
leadership position in the public safety and professional
communications market by winning a $31 million contract in Trinidad
and Tobago. The deal signifies the growing global popularity of the
company’s communication products among the defense sectors of
various countries.
Harris has been awarded the contract by Trinidad and Tobago Police
Service and will replace their existing communication system with
its Public Safety Access point (PSAP) and 800MHz P25 trunked radio
systems.
Florida-based Harris will provide interoperable communications
between the armed forces and public safety department by combining
Harris’s VIDA network with the ultra high frequency (UHF) in the
island country. Installing the Harris solution the country is
replacing its existing analog based communication system with the
latest digital radio system, thus providing increased coverage for
its emergency teams.
Harris’s RF Communications segment provides secure radio
communications and embedded high-grade encryption solutions for
military, government and commercial organizations. At the end of
the previous quarter, order backlog in the segment came in at $1.24
billion including $623 million in Public Safety and Professional
Communications.
Of late, the company has won numerous orders for its Tactical III
radio products both from domestic and international customers. As
per Zacks Consensus Estimate the company is expected to deliver
earnings of $1.20 marking a sequential improvement of 5.2%.
We believe as the communications solution provides the flexibility
to upgrade the technology as per the requirement of different
organizations, it will continue to increase its attractiveness to
other security agencies around the world.
Financial Results of Related Companies
Motorola Solutions Inc. (MSI), another operator in
the industry, has declared strong financial results for the fourth
quarter of 2012 with adjusted earnings of 99 cents, way ahead of
the Zacks Consensus Estimate of 92 cents. On the contrary,
General Dynamics (GD) has declared a fourth
quarter earnings of $1.39, heavily missing Zacks Consensus Estimate
of $1.90.
Other Stocks Set for Earnings Release
Another company, which is about to release financial results in the
upcoming days is The Boeing Co (BA), which will
report its fourth quarter 2012 results on Jan 30. The current Zacks
Consensus Estimate for fourth quarter stands at $1.19 for
Boeing.
Currently, Harris Corp. carries a Zacks Rank #4 (Sell).
BOEING CO (BA): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis Report
HARRIS CORP (HRS): Free Stock Analysis Report
MOTOROLA SOLUTN (MSI): Free Stock Analysis Report
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