{"id":63140,"date":"2019-01-30T00:08:04","date_gmt":"2019-01-29T16:08:04","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/harris-space-and-intelligence-systems-sees-strong-q2-2019-growth-2\/"},"modified":"2019-01-30T00:08:04","modified_gmt":"2019-01-29T16:08:04","slug":"harris-space-and-intelligence-systems-sees-strong-q2-2019-growth-2","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/harris-space-and-intelligence-systems-sees-strong-q2-2019-growth-2\/","title":{"rendered":"Harris Space and Intelligence Systems Sees Strong Q2 2019 Growth"},"content":{"rendered":"<\/p>\n<p class=\"superscript-processed\"><strong>Harris<\/strong> reported its financial results for Second Quarter (Q2) 2019.&nbsp;In its Space and Intelligence Systems division, revenue increased 11 percent as double-digit growth from classified programs, driven by small satellites, exquisite systems and ground-based adjacencies, was partially offset by expected lower revenue from environmental programs.<\/p>\n<p class=\"superscript-processed\">Operating income increased 15 percent to $92 million. Orders increased 51 percent, including a $218 million follow-on award from the <strong>U.S. Army<\/strong>; a $195 million award to develop the Optical Telescope Assembly for <strong>NASA<\/strong>\u2018s Wide Field Infrared Survey Telescope (WFIRST) program; a $115 million classified space award to provide next-generation technology for a long-standing franchise; and an $80 million award from the Space Enterprise Consortium to develop next-generation Global Positioning System (GPS) and space antenna technology for an experimental satellite with significant follow-on opportunities.<\/p>\n<p class=\"superscript-processed\">First half segment revenue increased 8 percent as double-digit growth from classified programs was partially offset by expected lower revenue from environmental programs. Operating income increased 7 percent on higher volume, partially offset by increased investments in innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harris reported its financial results for Second Quarter (Q2) 2019.&nbsp;In its Space and Intelligence Systems division, revenue increased 11 percent as double-digit growth from classified programs, driven by small satellites, exquisite systems and ground-based adjacencies, was partially offset by expected lower revenue from environmental programs. Operating income increased 15 percent to $92 million. Orders increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":62266,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-63140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/63140"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=63140"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/63140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/62266"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=63140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=63140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=63140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}