Harris Corporation (HRS: 42.90 -0.16 -0.37%) undertook a $99 million order for a military customer in Asia to provide the next phase of a comprehensive, multi-level C4I (command and control, communications, computers and intelligence) system.Harris will also provide Falcon tactical radios and sensors, such as RF-7800S Secure Personal Radio, RF-7800M Multiband Networking Radio, RF-7800V VHF Combat Net Radio, RF-7800W High-Capacity Line-of-Sight Radio and RF-5800H High Frequency Radio.
As a leading government electronics supplier, Harris is benefiting considerably from the increase in U.S. defense expenditure as well as robust market conditions for microwave communications solutions. Notable successes include the company’s Falcon II & Falcon III tactical radios, which are being widely used by U.S. Special Operations forces, the U.S. Army and various NATO and “Partnership for Peace” countries.
Harris continues its expansion in various markets of South America, Africa, Europe, and the South and Middle East. The company has established a solid international dealer network to pursue multiyear contracts throughout these regions. Harris estimated that international markets represent around $2 billion pipeline opportunity. The company has won large-scale multiyear standardization contracts in Mexico, Australia, Algeria, the U.K., Pakistan, Sweden and Iraq.
Harris operates in a highly competitive communication equipment industry and faces intense competition from Boeing Co. (BA: 64.28 -0.45 -0.70%), General Dynamics Corp. (GD: 60.22 -0.75 -1.23%) and Raytheon Co. (RTN: 48.84 -0.66 -1.33%). Despite this, the company establishes itself as a global provider of communication equipment and services for government and commercial customers with a footprint in more than 150 countries.
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