Florida Awards Harris Communication’s Contract
Technology provider Harris Corp. (NYSE: HRS – $89.46) has entered into a $700 million contract with the State of Florida to provide a state-wide communications network that will connect public safety, law enforcement, public schools and other state and local government agencies. The contract has a seven-year base and seven one-year options. MyFloridaNet-2 will link more than 4,000 sites and provide about 4,700 connections via a secure state-wide communications infrastructure using the Harris Trusted Enterprise Network, a dedicated, private core backbone managed and operated by Harris from its primary network operations center in Melbourne, Florida. It will also support other telecommunications services including Internet access, email, and web hosting for K-12 public schools and libraries.
The shares still have room to grow and the newly increased dividend yields 2.4%.