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Tag Archives: Harris Corp

August 10 Market Close: GovCon Index, US Stock Indices Climb 1% on Oil Rebound

GovConIndexUP

The GovCon Index rebounded from two straight days of declines Monday to record a gain of 1.428 percent and close at 77.328. All three major U.S. stock indices also each advanced at least 1 percent Monday as investors gained confidence from a rise in oil prices despite a report that showed ...

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July 30 Market Close: GovCon Index Drops, US Stocks Stuck in Neutral

GovConIndexDOWN

The GovCon Index lost some ground from a two-point rise in the previous two trading days to record a decline of 0.556 points and close at 76.036 Thursday. Intelsat (NYSE: I) led all Index gainers at 26 percent after the Luxembourg-based satellite services company reported a second-quarter profit of $60.2 million ...

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Harris Lands Targeting Upgrade Work on Navy, Australia Aircraft

HARRIS

TYSONS CORNER, VA July 28, 2015 — Harris Corp. (NYSE: HRS) will develop avionics components for integration into EA-18G Growler and F/A-18 E/F Super Hornet aircraft for the U.S. Navy and the Australian air force, ExecutiveBiz reported Tuesday. The work comes under a two-year, $29 million contract and is designed ...

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Harris Receives $15 Million Contract to Provide Acoustic Sensors

HARRIS

Harris Corp. announced Wednesday  it received a $15 million, 4 year follow-on contract to provide acoustic sensors for installation on the U.S. Navy’s Virginia-class submarines. The sensors are designed to facilitate data sharing between the LWWAA system and the submarine’s combat platform for monitoring of ships and other vessels. Jim Brunelle, director of undersea ...

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Harris Receives New Order for Multiband SATCOM Terminals from Army

HARRIS

TYSONS CORNER, VA July 21, 2015 — Harris Corp. (NYSE: HRS) has landed a fresh order for X-band and X-/Ka-band satellite communication terminals worth $45 million from the U.S. Army, ExecutiveBiz reported Monday. Harris said the contract under the military branch’s Modernization of Enterprise Terminals program includes electronics equipment and ...

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Harris to Keep HQ in Melbourne FL, House Critical Networks Segment in Herndon VA

HARRIS

Harris Corp. (NYSE: HRS) has decided to maintain its corporate headquarters in Melbourne, Fla. and will also base two of its four newly-formed business segments in the state following the company’s $4.75-billion purchase of Exelis that closed in May. Both the electronic systems and space and intelligence systems segments will be based in Palm Bay, ...

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July 9 Market Close: GovCon Index, US Stocks Rebound Ahead of Greek Proposal Deadline

GovConIndexUP

The GovCon Index bounced back from the prior day’s losses on Thursday to close at a gain of 0.572 points and end at 74.650. Financial shares recovered ground from Wednesday’s declines as investors waited to see if Greece would meet its Thursday midnight deadline to give European leaders a plan for spending ...

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July 6 Morning Report: GovCon Index Down on Thursday’s Close

GovConIndexDOWN

The GovCon Index closed Thursday at 74.719 to end last week’s final trading day with a decline of 0.081 points. Health Net (NYSE: HNT) soared 10.01 percent over news of its $6.3 billion acquisition from health insurer Centene (NYSE: CNC). The Dow Jones Industrial Average went down 27.80 points to 17,730.11, the Standard & Poor’s 500 composite index closed declined 0.64 points ...

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Harris Unveils Company’s New Structure Post-Exelis Acquisition; William Brown Comments

William Brown

Harris Corp. (NYSE: HRS) has unveiled the company’s new business structure that will take effect Friday, almost one month after the defense and communications technology maker closed its $4.75 billion acquisition of Exelis. Harris said Wednesday its reorganization into four business units will coincide with the end of the company’s 2016 fiscal year on Friday. ...

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June 22: GovCon Index, US Stocks Gain on Investors’ Greek Hopes

GovConIndexUP

The GovCon Index started the trading week with a gain of 0.236 points to 77.146 as U.S. stocks gained on investor optimism over a potential resolution to Greece’s long-running debt negotiations. Market activity picked up after comments from Greek Prime Minister Alexis Tsipras that his country could be willing to ...

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