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The new ATC system, which has been deployed in more than 50 countries, allows Voice over Internet Protocol (VoIP) system via Harris’ VCS21 technology. Consequently, the introduction of ATC system will gradually sideline the existing Time-Division Multiplexing communications hardware with standards-based, VoIP-enabled voice nodes.
VCS21 technology supporting the U.S. NextGen and Single European Sky ATM Research features and functions, fully integrates ATC voice functions and other protocols, thereby offering complete voice solution as per industry standards.
In 2012, Harris received a 15-year deal worth $291 million from Federal Aviation Administration (FAA). The huge contract will use the company’s VCS21 technology, thereby controlling growing network traffic by offering secure, digital communications for pilots, controllers and ground personnel.
Harris currently carries a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some other stocks in the defense sector and public safety are General Dynamics Corp. (GD - Analyst Report), The Boeing Co. (BA - Analyst Report) and Motorola Solutions Inc. (MSI - Analyst Report). While net earnings of General Dynamics missed the Zacks Consensus Estimate in the recent quarter, Motorola Solutions and Boeing handily beats the Zacks Consensus Estimates. General Dynamics currently has a Zacks Rank #5 (Strong Sell), while both Motorola Solutions and The Boeing currently have a Zacks Rank #3 (Hold).
Harris Corporation, based in Melbourne, Florida, remains one of the leaders in the public safety and professional communication market and boasts products ranging from industry leading multi-band, multi-mode radios, public safety-grade broadband voice, video and data solutions.
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