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Tag Archives: Exelis

Harris 1Q Earnings Meet Wall Street Forecasts, Company Backs 2016 Guidance

Harris Corp. (NYSE: HRS) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of $1.31 per share for the first quarter of its 2016 fiscal year to fall in line with the consensus Wall Street forecast and exceed the prior year figure by 13 cents. …

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Weekly Roundup Sept 28 – Oct 2 2015: Frank Kendall’s Outlook on Defense Sector Consolidation & More

Weekly Roundup Sept 28 – Oct 2 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The military’s chief weapons buyer sought to throw cold water this week on the idea of consolidation among the U.S.’ largest prime contractors in a year that has …

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Exelis to Assist in Navy EW Decoy Research, Testing

TYSONS CORNER, VA September 29, 2015 — Harris (NYSE: HRS) company Exelis will provide engineering and technical support to the Naval Research Laboratory’s tactical electronic warfare division under a $53.5 million contract through September 2018, ExecutiveBiz reported Monday. The Defense Department said the indefinite-delivery/indefinite-quantity, firm-fixed-price, cost-plus-fixed-fee, cost only contract includes research …

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Army Picks 16 Firms for $800M Counterthreat R&D Contract

The U.S. Army has selected 16 companies to provide support for research and development work on countermeasures for asymmetrical threats under a five-year,  $800 million multiple-award task order contract. The Defense Department said Friday the contract runs through Sept. 17, 2020, with funding and work location based on each task order. DoD listed …

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Weekly Roundup Sept 7 – Sept 11 2015: PSC’s Impending Leadership Transition & more

Weekly Roundup Sept 7 – Sept 11 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An association that represents the government services sector has previewed an impending leadership transition in the same year that the defense industry’s main trade group also announced its own change …

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Harris Tops Wall Street’s 4Q Earnings, Revenue Forecasts

Harris Corp. (NYSE: HRS) has reported fiscal year 2015 fourth quarter earnings of $1.32 per share, a figure adjusted for one-time gains and costs and seven cents higher than the Wall Street forecast of $1.21 per share. The Melbourne, Fla.-based communications technology maker included in its fourth quarter results activity …

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Exelis to Produce Jammer Systems for US Navy

Exelis has been awarded a $97, 303, 380 contract to manufacture onboard jammer systems for the U.S. Navy. The company will also repair test assets and field support for lot 12 of the integrated defensive electronic countermeasures AN/ALQ-214(V)4/5 systems, the Defense Department said Thursday. Exelis will perform work in New Jersey, …

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

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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Navy Picks 7 Firms to Help Design, Build Unmanned Marine Tech

Seven companies will compete for task orders under a U.S. Navy contract to produce hardware and software for unmanned maritime systems intended to detect mines. The Defense Department said Monday the potential three-year indefinite-delivery/indefinite-quantity contract could run through July 5, 2018 and covers design, fabrication, installation, test and evaluation, fielding, …

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

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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