Harris Corp. (NYSE: HRSHazard Ranking System) has announced financial results for its first quarter of fiscal year 2013, reporting a 5 percent year-over-year increase in revenue for the government communications systems segment.
Revenue for the segment totaled $465 million during the most recent quarter, compared with $444 million in the prior-year period.
President and CEO William Brown said in a release the company increased its quarterly dividend 12 percent, marking the second dividend increase during the current calendar year.
On Friday, the company announced a quarterly dividend of 37 cents per share.
Some of the company’s recent wins on the Federal Aviation Administration‘s NextGen program include:
- a potential $331 million contract for integration work on a data communications system
- a potential $291.6 million contract to build a new air transportation voice system
- a potential $63 million contract for an enterprise messaging system
The company also reported a 12 percent increase in its public safety and professional communications business unit, with total revenue for the segment at $138 million for the quarter.