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Harris Receives $16M Order from Department of Defense
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Harris Receives $16M Order from Department of Defense
Harris (NYSE:HRS) has received orders totaling $16M to supply the Department of Defense with a range of Falcon II and Falcon III tactical communication systems. The DoD is acquiring the radios to provide ground forces with expanded interoperable voice and high-bandwidth data communications. Harris also is providing accessories, training and other field support. Harris has a potential upside of 38.2% based on a current price of $42.95 and an average consensus analyst price target of $59.36.Harris is currently below its 50-day moving average (MA) of $46.78 and below its 200-day MA of $46.87. In the last five trading sessions, the 50-day MA has fallen 1.21% while the 200-day MA has remained constant.
Video Length: 0
Date Found: July 14, 2011
Date Produced: July 14, 2011
View Count: 0
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