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  • Friday, April 19, 2024

Harris Gov’t Comm Systems Revenue Up 12% in FY 2015 1Q


HARRISHarris Corp. (NYSE: HRS) has announced financial results for the first quarter of the company’s 2015 fiscal year, which ended Sept. 26, 2014.

Revenue in the company’s government systems segment increased 12 percent from the prior period to $461 million, which Harris said was driven by work on the F-35 Joint Strike Fighter program and the Federal Aviation Administration‘s NextGen DataComm program, among others.

The company is the lead contractor for DataComm, a program that includes integration and engineering work for air traffic control communications.

Harris also attributed the segment’s revenue increase to higher revenue from classified customers and in commercially hosted payload programs.

Harris is one of 14 firms that hold positions on the U.S. Air Force‘s potential five-year, $495 million Hosted Payload Solutions program.

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