Search Results for: Howard Lance

SAIC to Support Air Force ISR Common Ground Mission

SAIC Inc. (NYSE: SAI) has won a $32.8 million contract to support Air Force intelligence, surveillance and reconnaissance missions. The Defense Department said work will would support the distributed common ground system mission of the Air Force’s 480th ISR Wing. Work under the firm-fixed-price, time-and-material contract will occur at Langley Air Force Base, …

Read More »

Harris Names William Brown President and CEO, effective Nov. 1

Harris Corp.’s (NYSE: HRS) board of directors has appointed William M. Brown president and chief executive officer, effective Nov. 1, 2011. Brown will succeed Howard L. Lance, who has served as CEO since January 2003 and in May announced he would retire when a successor had been chosen. Lance, 55, will continue to …

Read More »

Harris Promotes Jim Traficant to President of Healthcare Solutions

Harris (NYSE:HRS) promoted Jim Traficant to the position of president, Harris Healthcare Solutions. He was previously vice president and general manager of the business. “Under Jim’s leadership, our Healthcare Solutions business has grown significantly. Harris has established a leadership position in federal healthcare IT integration and has made acquisitions that …

Read More »

Harris Reports on Financial Picture

Harris Corporation (NYSE: HRS) released the following statement: The firm “reported revenue for the second quarter of fiscal 2011 of $1.44 billion, an 18 percent increase compared with $1.22 billion in the prior-year quarter.  Organic revenue growth was 9 percent after adjusting for the impact from acquisitions.  GAAP net income …

Read More »

Harris Names Ted Hengst CIO

Harris Corporation (NYSE:HRS) named Ted Hengst corporate vice president and chief information officer (CIO), reporting to Howard L. Lance, chairman, president and CEO. According to the firm, “Hengst will have responsibility for setting the strategic direction, architecture and governance of Harris’ global IT enterprise to drive innovation, fuel growth, and …

Read More »

Great News for Harris Corp.

Harris Corporation (NYSE:HRS) reported the following fiscal figures: “GAAP income from continuing operations for the fourth quarter of fiscal 2010 of $151 million, or $1.16 per diluted share, compared with a loss of $84 million, or $.63 per diluted share, in the prior-year quarter. Non-GAAP income from continuing operations in …

Read More »

Harris Names Daniel Pearson COO

Harris Corporation (NYSE:HRS) named Daniel R. Pearson executive vice president and chief operating officer, reporting to Howard L. Lance, chairman, president and CEO. Pearson had been group president for the company’s Government Communications Systems business.  He is set to replace Robert. K. Henry, who will retire in August after 13 …

Read More »

Harris to Purchase CapRock for $525M Cash

Harris Corporation (NYSE:HRS) has entered into a definitive agreement to acquire CapRock Communications for a reported price of $525 million. According to Harris, “CapRock’s audited financial statements for calendar year 2009 included revenue of $359 million; earnings before interest, taxes, depreciation and amortization (EBITDA) of $54 million; and operating income …

Read More »

Harris Names P. Harris Morris Head of Broadcast Communications

Harris Corporation (NYSE:HRS) has named P. Harris Morris president of the company’s Broadcast Communications business. Previously, Morris served as vice president and general manager of the Media and Workflow area of the Broadcast Communications business. “I am pleased to have Harris Morris stepping into the role of president of Broadcast …

Read More »

M&A Activity- Harris Corp Aquires VA Contractor

Harris Corp. has acquired privately held Patriot Technologies LLC, which provides IT services to the Department of Veterans Affairs. The move positions the company to provide complete interoperability solutions that address the national priority of VA and Military Health System enterprise integration. Howard L. Lance, chairman, president and CEO of …

Read More »