Harris Wins Contract

Communication technology company Harris Corp. (NYSE:HRS) recently entered into a five-year agreement with U.S Marine Corps worth $49 million to supply Harris Unity land mobile radios (Unity XG-100P and Unity XG-100M), which will help the U.S Marine department in their Land Mobile Radio (LMR) program.

Unity radios which is a part of ?RF Communication segment includes Tactical Radio Communications and Public Safety and Professional Communications is when incorporated within in handheld and mobile devices facilitate efficient communication for daily tasks, especially in the case of large-scale operations.

These radios effectively combine full-spectrum multi-band capabilities and advanced features like GPS-enabled maps, Bluetooth wireless connectivity and a software-defined radio architecture. They also deliver full clarity even in the noisiest situations, aided by the in-built noise-suppression technology, which possesses advanced signal processing for both analog and digital communications.

The acquisition of these radios, which support full spectrum frequency technology, will enable Marine Corps and public safety communities like police, fire and medical teams to easily communicate during emergency situations.

In the last quarter, the RF Communication segment, which includes Tactical Radio Communications and Public Safety and Professional Communications, generated new orders worth $268 million, with $183 million in the Tactical Radio Communications business and $85 million in the Public Safety and Professional Communications business. Total order backlog in the segment at the end of the second quarter of fiscal 2012 was $1.25 billion, including $581 million in Tactical Radio Communications and $671 million in Public Safety and Professional Communications.

During the ongoing quarter, the company has already generated orders worth $500 million in the Tactical Radio Communications segment, which includes a massive deal signed with the Australian Department of Defense.

Despite winning consistent contracts and accumulating a huge order backlog, the company remains exposed to stiff competition from companies like Boeing Co. (NYSE:BA), General Dynamics Corp. (GD) and Raytheon Co. (RTN), which also provide high-end public safety communication systems.

Currently, Harris Corporation has a Zacks#3 Rank, implying a short-term Hold rating on the stock.

Harris Corporation, based in Melbourne, Florida, remains one of the leaders in the public safety and professional communication market and boasts products ranging from industry leading multi-band, multi-mode radios, public safety-grade broadband voice, video and data solutions.

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