Thursday, August 30, 2012
Harris Corporation: $HRS Cash Flow Valuation Update
Current Price: ~ $47/share
Yield: ~ 2.57%
Harris sells communications products and services to government and commercial customers in more than 150 countries. With recent acquisitions in new end markets, Harris will report results in RF communications (38% of fiscal 2011 sales), government communications (29%), and integrated network solutions (33%). The U.S. government represented 72% of sales in fiscal 2011. Based in Melbourne, Fla., Harris has operations worldwide and employs about 17,000 people.