{"id":65289,"date":"2018-05-04T23:21:28","date_gmt":"2018-05-04T15:21:28","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/harris-achieves-strong-q3-2018-with-growth-across-all-segments-2\/"},"modified":"2018-05-04T23:21:28","modified_gmt":"2018-05-04T15:21:28","slug":"harris-achieves-strong-q3-2018-with-growth-across-all-segments-2","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/harris-achieves-strong-q3-2018-with-growth-across-all-segments-2\/","title":{"rendered":"Harris Achieves Strong Q3 2018 with Growth Across all Segments"},"content":{"rendered":"<\/p>\n<p><strong>Harris Corporation<\/strong> reported fiscal 2018 third-quarter revenue of $1.57 billion, up 5 percent compared with the prior year. Earnings Per Diluted Share (EPS) from continuing operations increased to $1.67, compared with Generally Accepted Accounting Principles&nbsp;(GAAP) $1.31 and non-GAAP $1.38 in the prior year.<\/p>\n<p>According to the financial results, Harris achieved revenue and orders growth across all segments. Within the space and intelligence systems segment, revenue increased 1 percent as growth from classified programs, driven by the ramp-up of small satellites, ground-based processing adjacency and space surveillance programs, was partially offset by expected lower revenue from environmental programs. Operating income increased 8 percent to $82 million and margins expanded 100 basis points on strong program execution and incremental pension income.<\/p>\n<p>In classified programs, order momentum remained strong. These orders included follow-on contracts supporting space asset protection and situational awareness capabilities, additional funding for a small satellite award announced in the first quarter of fiscal 2018 and a contract award from the U.S. <strong>National Geospatial-Intelligence Agency<\/strong> for geospatial imaging services.<\/p>\n<p>Investments in technology have enabled Harris to expand into a full mission provider for small satellites and strengthen its position as a partner for payloads in large exquisite satellite systems. The company continued to leverage its investments and was selected for a strategic multi-year contract of approximately $500 million for exquisite space systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harris Corporation reported fiscal 2018 third-quarter revenue of $1.57 billion, up 5 percent compared with the prior year. Earnings Per Diluted Share (EPS) from continuing operations increased to $1.67, compared with Generally Accepted Accounting Principles&nbsp;(GAAP) $1.31 and non-GAAP $1.38 in the prior year. According to the financial results, Harris achieved revenue and orders growth across [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":65291,"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-65289","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\/65289"}],"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=65289"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/65289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/65291"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=65289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=65289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=65289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}