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|Traded as||NYSE: HRS
S&P 500 Component
|Key people||William M. Brown, President and CEO|
|Products||Defense and Communications|
|Revenue||US$5925 million (2011)|
|Operating income||US$587 million (2011)|
|Net income||US$587 million (2011)|
|Total assets||US$6173 million (2011)|
|Total equity||US$2512 million (2011)|
|Divisions||RF Communications, Integrated Network Solutions, Government Communications Systems|
Harris Corporation is an American Florida-based international telecommunications equipment company that produces wireless equipment, electronic systems, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and more than 14,000 employees — including nearly 6,000 engineers and scientists.
The company is the largest private-sector employer in Brevard County, Florida (approximately 6400 of more than 15000 company-wide). The company was the parent of Intersil (Harris Semiconductor). Most of the wireless start-ups in South Brevard County were founded and are staffed by former Harris Corporation engineers and technicians. The company's Digital Telephone Systems (DTS) division was sold to Teltronics. In 2009, Harris was one of the top 100 federal contractors.
The "Harris Automatic Press Company" was founded in Niles, Ohio in 1895. They spent the next 60 years developing lithographic processes and printing presses before acquiring typesetting company Intertype Corporation. In 1957, Harris acquired Gates Radio a producer of broadcast electronics.
In 1967, they merged with Radiation, Inc. of Melbourne, Florida, a developer of antenna, integrated circuit, and modem technology used in the space race. The company headquarters was moved from Cleveland to Melbourne in 1978.
In 1969, Harris Corporation acquired RF Communications and Farinon, furthering its microwave assets. The printing operations were sold off in 1983 and are now known as GSS Printing Equipment. GSS Printing Equipment later acquired Lanier Worldwide, which itself was spun off from Harris Corporation in the late 1990s.[clarification needed]
In 1988, Harris acquired GE’s semiconductor business, which at this time, also incorporated the Intersil and RCA semiconductor businesses. These were combined with Harris' existing semiconductor businesses, which were then spun-off in 1999 as an independent company, under the Intersil name.
In 1996, Harris Corporation formed a joint venture with Shenzhen Telecom Company to produce and sell Harris’ digital microwave radios and integrate them with other systems.[clarification needed]
In November 1998, Harris sold its commercial and standard military logic (semiconductor) product lines to Texas Instruments, which included the HC/HCT, CD4000, AC/ACT, and FCT product families. Harris retained production of the Radiation Hardened versions of these products.
In 2005, the corporation spent $870 million on research and development.
In January 2011 Harris re-opened its Calgary, Alberta avionics operation, Harris Canada Inc., a wholly owned subsidiary of Harris Corporation. The expanded facility's operations include among others the support of the work to be completed under the company's six-year, $273 million (CAD) services contract with the Government of Canada for the CF-18 Avionics Optimized Weapon System Support (OWSS) program.
On December 2012, Harris Corporation sold its broadcast equipment operations to the Gores Group which operates as Harris Broadcast. Harris received $225M for the transaction, exactly half of what it paid seven years earlier for Leitch Technology, its final acquisition for the Broadcast division.
|Alfred S. Harris||President||1895–1947|
|George S. Dively||Chairman & CEO||1955–1972|
|Richard B. Tullis||Chairman & CEO||1972–1978|
|Joseph A. Boyd||Chairman & CEO||1978–1987|
|John T. Hartley||Chairman & CEO||1987 – June 1995|
|Phillip W. Farmer||Chairman, CEO & President||July 1995 – January 2003|
|Howard L. Lance||Chairman, CEO & President||February 2003 – October 2011|
|William M. Brown||CEO & President||November 2011 – present|
RF Communications supplies secure tactical radio communications for military, defense, and other government organizations. The Falcon range of software-defined radio systems encompasses manpack, vehicular, handheld, and personal-role radio applications. Falcon III is a multiband, multimission tactical radio that enables networked battlefield communications through its wideband networking capability. Harris Public Safety and Professional Communications designs and builds communications networks and products for customers in the public safety, civilian, federal agencies, utility, transportation, and transit markets. Products range from VIDA networks, to P25IP and OpenSky wireless communications systems for first responders to VIDA Broadband solutions for Intelligent Transportation Systems.
Government Communications Systems develops, produces, integrates, and supports systems for defense, national intelligence, federal and civil customers. Its customers include the U.S. Department of Defense and national intelligence agencies, as well as Federal civilian agencies such as the Federal Aviation Administration, U. S. Census Bureau, U.S. Department of Justice, U.S. Department of State, the National Oceanic and Atmospheric Administration, and the National Aeronautics and Space Administration.
Integrated Network Solutions, which includes Broadcast Communications, supplies technology solutions to TV stations and networks; cable, satellite, telecommunications, and other media content providers; government customers; and sports and entertainment organizations.
Below is a list of all Harris acquisitions, starting in 1995.
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