harris corp (HRS) Key Developments
Harris Corporation Increases Quarterly Cash Dividend, Payable on September 23, 2014
Aug 25 14
The board of directors of Harris Corporation has increased the quarterly cash dividend by 12% from 42 cents per share to 47 cents per share and declared a quarterly cash dividend of 47 cents per share, payable Sept. 23, 2014, to shareholders of record Sept. 9, 2014. The annualized cash dividend will increase from $1.68 per share to $1.88 per share.
Nokia Networks, Inc. and Harris Team to Provide Deployable LTE Solution
Aug 5 14
Nokia Networks, Inc. and Harris have collaborated on a deployable LTE solution that is designed for rapid deployment in areas with little or no coverage, where there has been a network outage, or where additional capacity is needed during a special event. With training and practice, users can deploy the trailer solution in an hour or less, providing first providers fast access to 4G coverage and the data sharing it enables.
Harris Corp. Wins $1.97 Million Federal Contract
Aug 2 14
Harris Corp. announced that it has won a $1,971,153.89 federal contract from the U.S. Army Contracting Command, Rock Island, Illinois, for communications security equipment and components.
Harris Corp. Wins $1.14 Million Federal Contract
Aug 1 14
Harris Corp. announced that it has won a $1,136,284 federal contract from the U.S. Air Force Materiel Command, Wright-Patterson Air Force Base, Ohio, for research and development services for the affordable radio frequency multifunction sensors program.
Harris Corporation Announces Consolidated Unaudited Earnings Results for Fourth Quarter and Full Year Ended June 27, 2014; Provides Earnings Guidance for Fiscal 2015
Jul 29 14
Harris Corporation announced consolidated unaudited earnings results for fourth quarter and full year ended June 27, 2014. For the quarter, the company reported total revenue of $38,171 million, revenue from product sales and services of $1,329.40 million, interest income of $0.80 million, or $1.28 net income attributable to company of $131.40 million or compared to the total revenue of $40,097 million, revenue from product sales and services of $1,359.60 million, interest income of $0.40 million, or $0.65 net income attributable to company of $55.50 million for the same quarter a year ago. The company reported net cash provided by operating activities of $849.2 million against $833.0 million for the same quarter a year ago. Amount spend on additions of property, plant and equipment was $209.3 million against $164.8 million for the same quarter a year ago.
For the year, the company reported revenue from product sales and services of $5,012 million, interest income of $2.80 million, or $5 net income attributable to company of $534.80 million compared to the revenue from product sales and services of $5,111.70 million, interest income of $2.20 million, or $4.16 net income attributable to company of $113 million for the previous year.
The company announced that initial guidance for GAAP income from continuing operations for fiscal 2015 is a range of $4.75 to $5.00 per diluted share. Revenue guidance for fiscal 2015 is a range of 1 to 3% lower compared with fiscal 2014.