Harris Wins Multi Million Contract - Analyst Blog
26 Maio 2011 - 6:45AM
Zacks
A leading supplier of
communications equipment and services, Harris
Corp. (HRS) recently won an $18 million contract to
upgrade the public safety communications system in Linn County,
Iowa.
Under the agreement, Harris will
provide ‘Project 25 to the power of Internet Protocol’ (P25IP)
trunked simulcast radio system in the state, enabling secure voice
and data communications for public safety users in more than
200,000 residents and over 724 square miles.
Harris’ P25IP simulcast system will
spread across six sites in Linn County. Installation and other
technical services will be provided by the company’s locally based
partner RACOM.
The P25IP system comprises a Voice,
Interoperability, Data and Access (VIDA) network, a unified
Internet protocol (IP) based voice and data communication that
provides complete IP solutions including interoperability without
intervention of console operators, IP consoles, and other benefits
like open IP architecture systems.
The contract also includes Harris
Unity XG-100P Full-Spectrum Multiband portable radios for improved
communication across all regional frequency bands to public safety
officials.
Harris remains a leader in the
public safety and professional communication market with more than
80 years of experience and boasts products ranging from IP voice
and data networks, industry leading multiband, multimode radios,
public safety-grade broadband voice, video and data solutions that
support 500 systems globally.
In the recently concluded third
quarter, the company added approximately $1.55 billion worth of
contract to its kitty, thereby strengthening its capital position.
Further, with a strong financial background, Harris remains focused
on business expansion through acquisitions. Recently, the company
acquired the Global Connectivity Services business from
Schlumberger Ltd (SLB). It also bought Carefx
Corporation, a leading provider of interoperability workflow
solutions in April 2011. The acquisition of Carefx Corporation
provides Harris a strong foothold in the commercial health care
communication system market.
However, the company remains
exposed to stiff competition from companies like Boeing
Co. (BA), General Dynamics Corp. (GD) and
Raytheon Co. (RTN) that also provide high-end
public safety communication systems.
We maintain our long-term Neutral
recommendation for Harris Corporation supported by a Zacks#3 (Hold)
Rank.
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