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: Сommunication Systems, which serves markets in tactical communications, 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, 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.


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TypePublic
HQMelbourne, US
Founded1895
Size (employees)17,000 (est)
Websiteharris.com
Harris was founded in 1895 and is headquartered in Melbourne, US
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Key People/Management at Harris

William Brown

William Brown

Chairman, President
Bill Gattle

Bill Gattle

President
Dana Mehnert

Dana Mehnert

President
Ed Zoiss

Ed Zoiss

President
Robert Duffy

Robert Duffy

Senior Vice President
Sheldon Fox

Sheldon Fox

Senior Vice President
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Harris Office Locations

Harris has offices in Abu Dhabi, Da’an District, Singapore, Hong Kong and in 51 other locations
Melbourne, US (HQ)
1025 W NASA Boulevard
Aberdeen Proving Ground, US
6245 Guardian Gateway
Anchorage, US
7240 Lake Otis Pkwy
Aurora, US
340 Marshall Ave
Beavercreek, US
440 4027 Colonel Glenn Hwy
Boalsburg, US
176 Technology Dr
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Harris Financials and Metrics

Harris Revenue

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Harris's revenue was reported to be $6.18 b in FY, 2018 which is a 4.8% increase from the previous period.
USD

Revenue (FY, 2018)

6.2b

Revenue growth (FY, 2017 - FY, 2018), %

4.8%

Gross profit (FY, 2018)

2.3b

Gross profit margin (FY, 2018), %

36.4%

Net income (FY, 2018)

718.0m

EBIT (FY, 2018)

1.1b

Market capitalization (15-Oct-2018)

20.4b

Closing stock price (15-Oct-2018)

173.3

Cash (29-Jun-2018)

288.0m

EV

23.8b
Harris's current market capitalization is $20.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

5.0b5.1b7.5b5.9b6.2b

Revenue growth, %

1%47%(21%)5%

Cost of goods sold

3.3b3.4b5.1b3.8b3.9b

Gross profit

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

Revenue

1.2b1.2b1.2b1.8b1.8b1.9b1.8b1.7b1.5b1.4b1.5b1.6b

Cost of goods sold

762.6m807.8m753.4m1.2b1.3b1.3b1.2b1.1b964.0m898.0m999.0m1.0b

Gross profit

392.8m398.5m433.2m591.0m562.0m597.0m579.0m562.0m525.0m515.0m536.0m561.0m

Gross profit Margin, %

34%33%37%33%30%31%33%33%35%36%35%36%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

561.0m481.0m487.0m484.0m288.0m

Accounts Receivable

566.1m1.2b937.0m623.0m735.0m

Inventories

618.7m1.0b964.0m841.0m925.0m

Current Assets

2.0b3.5b2.6b2.1b2.2b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

449.1m469.5m487.7m320.0m511.0m302.0m284.0m361.0m302.0m388.0m422.0m443.0m

Accounts Receivable

603.7m582.0m652.7m1.1b935.0m1.1b976.0m762.0m714.0m706.0m642.0m743.0m

Inventories

648.3m649.6m635.7m1.1b1.1b992.0m962.0m1.0b894.0m896.0m942.0m963.0m

Current Assets

1.9b1.9b2.0b3.1b2.8b2.9b2.4b2.6b2.9b2.1b2.1b2.4b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

534.2m334.0m324.0m553.0m718.0m

Depreciation and Amortization

204.3m244.0m229.0m183.0m158.0m

Inventories

50.1m20.0m(28.0m)28.0m(84.0m)

Accounts Payable

(50.0m)31.0m82.0m18.0m82.0m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

125.0m264.0m390.0m148.0m(4.0m)164.0m160.0m337.0m422.0m161.0m300.0m501.0m

Depreciation and Amortization

51.0m104.0m164.0m61.0m114.0m163.0m53.0m101.0m140.0m40.0m80.0m117.0m

Inventories

(29.7m)(30.9m)(17.0m)(108.0m)(91.0m)(22.0m)2.0m(50.0m)(26.0m)(56.0m)(102.0m)(122.0m)

Accounts Payable

(102.3m)(119.9m)(111.1m)(158.0m)(128.0m)(175.0m)(75.0m)(132.0m)(113.0m)(88.0m)(78.0m)(46.0m)
USDY, 2018

EV/EBIT

21.2 x

EV/CFO

31.7 x

Revenue/Employee

382.0k

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

3 x
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Harris Operating Metrics

Harris's Backlog was reported to be $10.8b in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 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$353 m$332 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$884 m$880 m

Backlog Funded

$3 b$5.30 b$5.10 b$4.20 b

Backlog

$7.20 b$12.20 b$10.80 b
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Harris Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Applied Kilovolts
Applied Kilovolts Group
CR MSA
Defence Investments Limited
Eagle Technology
EDO LLC
EDO MBM Technology
EDO (UK)
EDO Western Corporation
Exelis Arctic Services
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Harris Revenue Breakdown

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Harris revenue breakdown by business segment: 38.3% from Electronic Systems, 31.0% from Space and Intelligence Systems and 30.7% from Communication Systems

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Harris Online and Social Media Presence

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Harris Company Life and Culture

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