Harris Corporation Awarded $1.5 Billion in US Geospatial Intelligence Contracts

On July 10, Harris Corporation (HRS) reported that the company has been awarded three multi-award IDIQ contracts by the National Geospatial-Intelligence Agency (NGA). Harris will create, manage, and distribute high-quality geospatial intelligence for the US intelligence community and military. The contract covers services for up to 10 years and totals $1.5 billion.

 

Sonal sent an alert to subscribers at 9:00 am. The next trade took place for $146.47 at the start of regular market trading. Although Harris Corporation’s stock price did not experience any gains on the day of the announcement, the price increased over the next five trading sessions. The stock closed at $151.66 on July 17 for a gain of 3.5%.

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