Harris Corporation (HRS) is an international communications and information technology company serving government and commercial markets in more than 150 countries. The company’s makeup consists of the following business segments:
Government Communications Systemsprovides communications and information technology and systems integration for mission-critical government applications. This segment includes the Civil Programs, Defense Programs, and National Intelligence Programs businesses.
RF Communications provides tactical and land mobile radios, systems, and networking applications for global defense, security, public safety and public service, transportation, and utility markets. This segment includes the Tactical Communications and Public Safety and Professional Communications businesses.
Integrated Network Solutions provides IT services, managed services, cyber integration, interoperability, imaging, and digital media management solutions to support government, energy, healthcare, broadcast, and enterprise networks. This segment includes the Harris IT Services, Healthcare Solutions, and Broadcast Communications businesses, as well as the Harris CapRock Communications and Cyber Integrated Solutions businesses.
A concern is the US is cutting back on defense spending which could impact Harris. While true, I think the bulk of any cuts, assuming the cuts are real, will be in the high ticket hardware items vs. cuts in communications and IT services.
Pentagon officials may have to eliminate as much as $28 billion from the pending fiscal 2012 defense budget in the first installment of the Defense Department’s contribution to the new debt-ceiling agreement. ….. Continue reading the full article at SA