Harris Corporation (HRS), a leader in the public safety and professional communications market, together with National Oceanic and Atmospheric Administration (:NOAA), has launched a new device called Product Anomaly, Ticket, Relationship, Organization, and Notification (:PATRON).
The launch of PATRON will facilitate weather forecasters, emergency managers, scientists and other environmental data users to follow and provide detailed information on critical weather conditions to the public.
Keeping in mind the importance of the Geostationary Operational Environmental Satellite — R Series (GOES-R) Ground Segment, PATRON was introduced. However, it is also being used for other operational environmental satellites.
GOES-R Ground Segment will enjoy the benefit of the new tracking device from 2015 onwards. The Ground Segment will collect and monitor satellite data, will provide control over the geostationary satellites and the products from satellite data will also be generated and distributed. By utilizing the new technology, the Ground Segment will able to deliver weather information to more than 10,000 other direct users, 60 times faster than its usual speed.
In the recently concluded quarter, Harris declared mixed financial results with the bottom line beating the Zacks Consensus Estimate while the top line missed the same.
Harris currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some other stocks in the defence sector and public safety are General Dynamics Corp. (GD), The Boeing Co. (BA) and Motorola Solutions Inc. (MSI). While net earnings of General Dynamics missed the Zacks Consensus Estimate in the recent quarter, Motorola Solutions and Boeing have handily beaten the Zacks Consensus Estimates. Boeing currently has a Zacks Rank #2 (Buy), while Motorola Solutions and General Dynamics carry Zacks Rank #3 (Hold).
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