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Harris Sees Revenue Jump; CEO Howard Lance Comments

Harris (NYSE: HRS) announced third quarter fiscal 2011 revenue of $1.41 billion, a six-percent jump over the $1.33 billion in the prior-year quarter.

“Harris continued to deliver solid results in the fiscal third quarter, in spite of slowing U.S. Government spending and a difficult comparison to the prior-year third quarter, ” CEO Howard Lance said. “Operating margins continued to be strong in both the RF Communications and Government Communications Systems segments.”

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