Home / Financial Report / Harris 2Q Govt Systems Revenue Up 4%, Integrated Net Solutions Jumps 3%

Harris 2Q Govt Systems Revenue Up 4%, Integrated Net Solutions Jumps 3%

Harris logo_GovConWireHarris Corp. (NYSE:HRS) has announced financial results for the second quarter of its 2013 fiscal year, ended Dec. 28, 2012.

The company reported $439 million in revenue for its government communications systems group, representing a 4 percent increase over the $422 million in the prior year period.

The GOES-R weather program, the Space Network Ground Segment Sustainment program and classified programs helped drive the revenue increase, Harris said.

During the quarter, the company also won a position on a potential $10 billion contract, where it will compete for task orders to provide communications equipment to defense and homeland security customers.

William Brown, president and CEO, said the company won 30 percent more orders in what he called a “very difficult and uncertain government spending environment.

Harris’ CapRock Communications and healthcare solutions units helped drive revenue in the integrated network solutions segment, which saw a 3-percent revenue increase to $396 million over the $385 million reported in the prior year period.

CapRock Communications orders increased 21 percent while and healthcare solutions orders more than doubled in the quarter compared with the prior year period.

Within the RF communications segment, the company’s public safety revenue increased 10 percent over the prior year period to $149 million.

The company won $402 million in orders for the quarter, including $287 million in tactical communications and $115 million in public safety.

At the end of the second quarter, backlog was $561 million in tactical communications and $581 million in public safety.

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