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Harris Corporation

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Harris Corporation - Aerospace showcase

Year Founded & Workforce

1926

17,500 Employees

Industry

Aerospace

Services

Counter IED SystemMaritime SecurityMission Critical Communication SystemImage Intensifier Tube
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Harris Corporation Employee Contacts

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Harris Corporation Overview

Company Headquarters: Florida, US

Founded: 1926

Workforce: 17,500

Company Working: Harris Corporation (Harris), along with its subsidiaries, engages in the provision of advanced communications and information systems. The company delivers end-to-end solutions that meet customers’ needs for mission-critical applications. It serves government and commercial markets in more than 100 countries worldwide. Harris operates via three business segments electronic systems, space and intelligence systems, and communication systems. The communication system segment serves markets in tactical communications and defense equipment, including tactical ground and airborne radio communications solutions and night vision technology, and in public safety networks. The electronic systems segment provides electronic warfare, avionics and C4ISR solutions for defense and classified customers and mission-critical communication systems for civil and military aviation and other customers. The space and intelligence systems segment provide intelligence, space protection, geospatial, complete Earth observation, universe exploration, PNT, and environmental solutions for national security, defense, civil and commercial customers, using advanced sensors, antennas, and payloads, as well as ground processing and information analytics. Harris has a robust geographical footprint across North and South America, Europe, the Middle East, and Asia-Pacific.

Strategy

Harris aims at maintaining its market position by offering innovative products and solutions to its clients. The company focuses on extensive research and development activities to offer advanced functionalities within its product portfolio which offers it a competitive advantage in the market. Harris also aims at maintaining its client relationships by offering innovation in its products and best-in-class services. The company also focuses on government and commercial markets across the US which further helps the company to increase its customer base.

Company Snapshot

$3,620M

Revenue

17,500

Employees

1926

Founded

Florida, US

Headquarters

SWOT Analysis

Strengths

  • Extensive product offerings
  • Strong Focus on R&D Activities
  • Strong presence across government and commercial markets
  • Strong focus on innovation
  • Robust financial performance
  • Strong presence in the government and commercial markets
  • Increasing revenue driving allocation of adequate funds for growth and expansion

Weaknesses

  • Presence only in the US market
  • Highly dependent on the US government
  • Highly dependent on sales to the US government

Opportunities

  • Diversification of business segments
  • Scope in military sector
  • Increasing investments in homeland security
  • Increasing homeland security spending in the US
  • Participation in major defense programs

Threats

  • Slow certification process
  • Product innovation by competitors
  • Risk from fixed price contracts
  • Changing technology
  • Significant revenue derived from fixed-price contracts

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Product Offering

  • Harris Corporation
    • Counter IED System
    • Maritime Security
    • Mission Critical Communication System
    • Image Intensifier Tube

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Revenue rose from USD 3.6 Bn in 2014 to USD 6.2 Bn in 2018.
Harris Corporation — By Business Segment
Series (USD Bn)20142015201620172018
Global Revenue3.63.965.96.2

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