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Harris Govt Comm Systems 1Q Revenue Up 5%; William Brown Comments

William Brown

Harris Corp. (NYSE: HRS) 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.

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