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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Employee Rating

3.4More
TypePublic
HQMelbourne, US
Founded1895
Size (employees)17,500 (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 Melbourne, South Salt Lake, Rochester, Amityville and in 68 other locations
Melbourne, US (HQ)
1025 W NASA Boulevard
Aberdeen Proving Ground, US
6245 Guardian Gateway
Amityville, US
1250 New Horizons Blvd
Amityville, US
1500 New Horizons Blvd
Anchorage, US
7240 Lake Otis Pkwy
Aurora, US
3973 75th St
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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 (Q1, 2019)

1.5b

Gross profit (Q1, 2019)

532.0m

Gross profit margin (Q1, 2019), %

34.5%

Net income (Q1, 2019)

213.0m

EBIT (Q1, 2019)

253.0m

Market capitalization (22-Jan-2019)

16.7b

Closing stock price (22-Jan-2019)

139.3

Cash (28-Sep-2018)

305.0m

EV

20.1b
Harris's current market capitalization is $16.7 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, 2018Q1, 2019

Revenue

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

Cost of goods sold

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

Gross profit

392.8m398.5m433.2m591.0m562.0m597.0m579.0m562.0m525.0m515.0m536.0m561.0m532.0m

Gross profit Margin, %

34%33%37%33%30%31%33%33%35%36%35%36%35%
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, 2018Q1, 2019

Cash

449.1m469.5m487.7m320.0m511.0m302.0m284.0m361.0m302.0m388.0m422.0m443.0m305.0m

Accounts Receivable

603.7m582.0m652.7m1.1b935.0m1.1b976.0m762.0m714.0m706.0m642.0m743.0m432.0m

Inventories

648.3m649.6m635.7m1.1b1.1b992.0m962.0m1.0b894.0m896.0m942.0m963.0m413.0m

Current Assets

1.9b1.9b2.0b3.1b2.8b2.9b2.4b2.6b2.9b2.1b2.1b2.4b2.3b
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, 2018Q1, 2019

Net Income

125.0m264.0m390.0m148.0m(4.0m)164.0m160.0m337.0m422.0m161.0m300.0m501.0m213.0m

Depreciation and Amortization

51.0m104.0m164.0m61.0m114.0m163.0m53.0m101.0m140.0m40.0m80.0m117.0m65.0m

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)(3.0m)

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)(141.0m)
USDY, 2018

EV/EBIT

79.6 x

EV/CFO

172.1 x

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 Blogs

HRG Recognition Event

..Due to security requirements, all guests will be required to provide identification to attend the event. Please enter your complete name as it appears on your identification. You will also be required to show the same identification at the HTC lobby. Your form submission is encrypted for protectio…

SWE Engineering Super Day

Due to security requirements, all guests must provide credentials in advance to attend the event. Please enter your complete name as it appears on your government-issued photo identification. You will also be required to show the same identification at the HTC lobby upon check-in. If you have any q…

West Shore 8th Grade STEM visit

Due to security requirements, all guests must provide credentials in advance to attend the event. Please enter your complete name as it appears on your government-issued photo identification. You will also be required to show the same identification at the Global Innovatin Center lobby upon check-i…

Harris Corporation United Way Free Throw

Due to security requirements, all guests will be required to provide identification to register and attend the event. Please enter your complete name as it appears on your identification. You will also be required to show the same identification at the HTC lobby. Your form submission is encrypted fo…

FACE Consortium Meeting

Due to security requirements, all guests must provide credentials in advance to attend the event. Please enter your complete name as it appears on your government-issued photo identification. You will also be required to show the same identification at the HTC lobby upon check-in. If you have any q…

Insurance Day

We look forward to your upcoming visit to Harris' Global Innovation Center. In advance of the event, we require all guests to complete our Visitor form. Please take a moment to complete and submit the form below.   NOTE: This submission is encrypted to protect your personal information. Please en…
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Harris Company Life and Culture

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Harris Frequently Asked Questions

  • When was Harris founded?

    Harris was founded in 1895.

  • Who are Harris key executives?

    Harris's key executives are William Brown, Bill Gattle and Dana Mehnert.

  • How many employees does Harris have?

    Harris has 17,500 employees.

  • What is Harris revenue?

    Latest Harris annual revenue is $6.2 b.

  • What is Harris revenue per employee?

    Latest Harris revenue per employee is $353.3 k.

  • Who are Harris competitors?

    Competitors of Harris include Maxar, Rockwell Collins and Motorola.

  • Where is Harris headquarters?

    Harris headquarters is located at 1025 W NASA Boulevard, Melbourne.

  • Where are Harris offices?

    Harris has offices in Melbourne, South Salt Lake, Rochester, Amityville and in 68 other locations.

  • How many offices does Harris have?

    Harris has 90 offices.