Harris CorporationHRS

Morningstar Rating

Stock Research and Analysis

by Morningstar Equity Analysts

Harris has carved itself a solid position among commercial and government communications providers thanks to its innovative, technologically savvy products and services. The company has caught our attention due to its niche among government contractors, Read more

Bulls Say

Because the firm currently possesses the only JTRS-certified tactical radio, it may be able to expand its market share and penetrate new market segments.

Beyond the government communications segment, Harris has been successful in winning contracts in both established and emerging markets.

Harris' strong product portfolio has attracted potential suitors and raised the possibility that the firm will be a takeover target. Read more

Bears Say

The government is the company's largest customer, and the sometimes-arbitrary budget process can alter growth for the company's programs with little notice.

Harris' tactical radios face competition from established foes like ITT ITT and Thales.

With Afghanistan not fully offsetting the troop drawdown from Iraq, tactical radio sales should come under pressure. Read more

Strategy

Harris hopes to grow through new product introductions, cross-selling through segment sales channels, acquisitions, as well as international expansion. The company is striving to reduce costs and improve Read more

Management

Howard Lance became chairman, president, and CEO in 2003, replacing longtime Harris manager Phillip Farmer. Lance is an electronics industry veteran, having spent considerable time with NCR NCR and Emerson Electric EMR. During the last three years, Read more

Profile

Harris sells communications products and services to government and commercial customers in more than 150 countries. The firm is segmented into government communications, Read more

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