Harris Corporation

Harris Corporation is a technology company that provides products, systems and services that have defense, civil government and commercial applications. The  Company operates in four segments: communication systems, which serves markets in tactical communications and defense, and public safety networks; space and intelligence systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from sensors and payloads, as well as ground processing and information analytics; electronic systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and critical networks, which provides managed services supporting air traffic management, energy and maritime communications, ground network operation and sustainment, information technology and engineering services.


Company Growth (employees)
Type
Public
HQ
Melbourne, US
Founded
1895
Size (employees)
17,000 (est)-19%
Website
harris.com
Harris Corporation was founded in 1895 and is headquartered in Melbourne, US

Key People/Management at Harris Corporation

William Brown

William Brown

Chairman, President & CEO
Bill Gattle

Bill Gattle

President, Space and Intelligence Systems
Chris Young

Chris Young

President, Communication Systems
Ed Zoiss

Ed Zoiss

President, Electronic Systems
Robert Duffy

Robert Duffy

SVP, HR and Administration
Sheldon Fox

Sheldon Fox

SVP, Integration and Engineering
Dana Mehnert

Dana Mehnert

SVP, Chief Global Business Development Officer
Scott Mikuen

Scott Mikuen

SVP, General Counsel and Secretary
Tania Hanna

Tania Hanna

VP, Government Relations
Greg Taylor

Greg Taylor

VP, Strategy
Todd Taylor

Todd Taylor

VP, Principal Accounting Officer
Rahul Ghai

Rahul Ghai

Senior Vice President and Chief Financial Officer
Ross Niebergall

Ross Niebergall

Vice President and Chief Technology Officer

Harris Corporation Office Locations

Harris Corporation has offices in Melbourne, Rio de Janeiro, Hampshire, Winnersh and in 20 other locations
Melbourne, US (HQ)
1025 W NASA Boulevard
Labège, FR
478 Rue de la Découverte
Bremen, DE
222 Hastedter Osterdeich
București, RO
17 Strada C. A. Rosetti
Abu Dhabi, AE
Marina Office Park
Hampshire, GB
Jays Cl
Show all (25)

Harris Corporation Financials and Metrics

Harris Corporation Financials

Harris Corporation's revenue was reported to be $5.9 b in FY, 2017
USD

Revenue (Q1, 2018)

1.4 b

Gross profit (Q1, 2018)

515 m

Gross profit margin (Q1, 2018), %

36%

Net income (Q1, 2018)

161 m

EBIT (Q1, 2018)

272 m

Market capitalization (13-Dec-2017)

17.2 b

Cash (29-Sep-2017)

388 m

EV

20.8 b
Harris Corporation's current market capitalization is $17.2 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

5 b5.1 b7.5 b5.9 b

Revenue growth, %

1%47%(21%)

Cost of goods sold

3.3 b3.3 b5.1 b3.8 b

Gross profit

1.7 b1.7 b2.3 b2.1 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

1.2 b1.2 b1.2 b1.8 b1.8 b1.9 b1.8 b1.7 b1.5 b1.4 b

Cost of goods sold

762.6 m807.8 m753.4 m1.2 b1.3 b1.3 b1.2 b1.1 b964 m898 m

Gross profit

392.8 m398.5 m433.2 m591 m562 m597 m579 m562 m525 m515 m

Gross profit Margin, %

34%33%37%33%30%31%33%33%35%36%
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

561 m481 m487 m484 m

Accounts Receivable

566.1 m1.2 b937 m623 m

Inventories

618.7 m1 b964 m841 m

Current Assets

2 b3.5 b2.6 b2.1 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

449.1 m469.5 m487.7 m320 m511 m302 m284 m361 m302 m388 m

Accounts Receivable

603.7 m582 m652.7 m1.1 b935 m1.1 b976 m762 m714 m706 m

Inventories

648.3 m649.6 m635.7 m1.1 b1.1 b992 m962 m1 b894 m896 m

Current Assets

1.9 b1.9 b2 b3.1 b2.8 b2.9 b2.4 b2.6 b2.9 b2.1 b
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

534.2 m334 m324 m553 m

Depreciation and Amortization

204.3 m244 m229 m183 m

Accounts Receivable

115.8 m(17 m)192 m111 m

Inventories

50.1 m20 m(28 m)28 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

125 m264 m390 m148 m(4 m)164 m160 m337 m422 m161 m

Depreciation and Amortization

51 m104 m164 m61 m114 m163 m53 m101 m140 m40 m

Accounts Receivable

(37.6 m)(15.9 m)(86.6 m)82 m220 m102 m(39 m)125 m14 m(83 m)

Inventories

(29.7 m)(30.9 m)(17 m)(108 m)(91 m)(22 m)2 m(50 m)(26 m)(56 m)
USDY, 2017

EV/EBIT

76.5 x

EV/CFO

219.1 x

Revenue/Employee

102.9 k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.4 x
Show all financial metrics

Harris Corporation Operating Metrics

Harris Corporation's Backlog was reported to be $10.8 b in FY, 2016. Harris Corporation's Patent Applications was reported to be 550 in FY, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Order Volume

$1.13 b$288 m$263 m$286 m$1.24 b$404 m$238 m$290 m$1.17 b$369 m$301 m$279 m$1.24 b$681 m

Bookings

$564 m$575 m$521 m$451 m$601 m$665 m$556 m$511 m$472 m$530 m$555 m$507 m$494 m$879 m

Backlog Funded

$3 b$5.3 b$5.1 b$4.2 b

Backlog

$7.2 b$12.2 b$10.8 b
Show all operating metrics

Harris Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Harris Cayman
Harris Cayman
Harris Communications (Australia)
Harris Communications Bahrain
Harris Asia Pacific
Harris Communications MH Spain
Harris Communications FZCO
Harris Communications GmbH
Harris Communications Honduras S.A. de C.V.
Harris Atlas Systems
Harris Canada Systems
Harris Communications Limited
Harris Communications Malaysia
Harris Communications Pakistan
Harris Comunicaçoes Participaçoes do Brasil
Harris Communications (Spain)
Harris Communications Systems India
Harris Denmark
Harris Denmark Holding
Harris Holdco
Harris International Inc
Harris International Chile
Harris International Holdings
Harris International Saudi Communications
Harris International Venezuela
Harris Norge AS
Harris NV
Harris Pension Management Limited
Harris Salam
Harris Solid-State (Malaysia)
Harris Solutions NY
Harris Systems Limited
Applied Kilovolts Group
Applied Kilovolts
CR MSA
Defence Investments Limited
Eagle Technology
EDO (UK)
EDO LLC
EDO MBM Technology
EDO Western Corporation
Exelis Arctic Services
Exelis Australia Holdings
Exelis Australia
Harris C4i
Harris Defence
Exelis Holdings
Exelis Luxembourg
Harris Orthogon
Exelis Visual Information Solutions
Exelis VIS KK
Exelis Visual Information Solutions France SARL
Exelis Visual Information Solutions SRL
Exelis Visual Information Solutions UK Limited
Exelis Visual Information Solutions Inc.
Felec Services
HAL Technologies
Hunan Carefx Information Technology
NexGen Communication
Nextgen Equipage Fund
Sunshine General Services
Manu Kai
Maritime Communication Services
Melbourne Leasing
Pine Valley Investments
PT CapRock Communications Indonesia
SARL Assured Communications
S.C. Harris Assured Communications
SpaceLink Systems

Harris Corporation Market Value History

Harris Corporation Revenue Breakdown

Harris Corporation Median Salaries

Source: 70 public H-1B filings from Harris Corporation

Harris Corporation's Web-traffic and Trends

Harris Corporation Online and Social Media Presence

Harris Corporation Company Life and Culture

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