Harris Corporation Reports Solid Fiscal 2018 Second Quarter Results with Strong Revenue Growth

The 18% increase in second quarter segment revenue was primarily due to a 56% increase in DoD Tactical revenue driven by readiness demand across all the Services and a 9% increase in International Tactical revenue from strong growth in the Middle East. Operating income grew 19% on increased volume and operational efficiencies.

DoD Tactical momentum continued in the second quarter, with both ground tactical and airborne awards:

  • $765 million ceiling, 5-year, single-award IDIQ contract with the U.S. Navy to provide tactical radios and ancillary devices
  • $71 million contract modification from the U.S. Army for single-channel ground and airborne radio systems (SINCGARS)
  • $60 million order from the U.S. Air Force for Falcon III® tactical radios
  • $42 million order from the U.S. Army for the Security Force Assistance Brigade for Falcon III® tactical radios and waveforms

International Tactical received several key orders for modernization programs and ongoing counter-terrorism support:

  • $45 million from Iraq for security forces modernization
  • $18 million from Afghanistan to provide sustainment services to its security forces
  • $10 million from the Royal Danish Army for tactical vehicular radio systems
 

Electronic Systems

 
($ millions)       Second Quarter     First Half
FY 2018     FY 2017     Change FY 2018     FY 2017     Change
Revenue $ 584 $ 570 2 % $ 1,124 $ 1,107 2 %
Operating income $ 101 $ 134 (25 )% $ 210 $ 245 (14 )%
Operating margin 17.3 % 23.5 % (620)bps 18.7 % 22.1 % (340)bps
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »
Featured Video
Jobs
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise