Sprint Corporation (NYSE:S) [Detail Analytic Report] reported that it intends to appoint 2,500 military veterans during the coming five years as part of Joining Forces, a White House initiative aimed at extending employment and career development opportunities for veterans and military spouses. Sprint is one of over 50 leading US telecommunications and technology organizations that pledged to appoint a combined 100,000 veterans or military spouses by the end of 2021.
Sandy Price, Senior VP of Human Resources at Sprint commented that they owe a tremendous amount of respect and gratitude to the brave men and women who serve their nation. Veterans have valuable and unique skills which strengthen their workforce. It is important that they provide rewarding professional opportunities, and a supportive work environment, for veterans and their spouses and partners.
On the other side, Sprint reported that Luke Langer was nominated as Director of Retail Sales for the Great Plains Region. He is responsible for leading the Retail Sales channel, with particular focus on assembling a top-notch sales team and implementing effective sales strategies. Langer stated that his 15 years of experience in several wireless sales channels has provided him with an extensive understanding of business, operational, and industry objectives. His background in retail allows him to lead with empathy, enthusiasm, and a customer-centric eye, which has resulted in superior outcomes for my teams. He looks ahead to bringing his experience to this role and he is eager to see positive outcomes.
Harris Corporation (NYSE:HRS) [Detail Analytic Report] announced that it has received $41 million in orders for production, spare parts, depot, and installation of advanced satellite communications terminals under the US Army’s Modernization of Enterprise Terminals program. The orders were received during the Q3 of Harris’ fiscal 2016. Harris fixed-site terminals and hardened transportable terminals provide dual X and Ka-band access to the new Wideband Global SATCOM network as well as legacy satellite constellations.
The next-generation military satellite communications terminals will deliver the global backbone for high-priority military communications and missile defense systems in locations across the globe. Harris is the prime contractor for the MET IDIQ contract, which was awarded in 2009 and has a ceiling value of $800 million, including a five-year base period and a five-year option period. The latest orders bring the total MET orders Harris has been awarded to $516 million.
Ed Zoiss, president of Harris Electronic Systems stated that MET’s state-of-the-art multiband terminals will provide critical communications and situational awareness capabilities for US decision-makers and military personnel deployed globally. Harris has supported the warfighter with high-performance, cost-effective military satellite communications capabilities for decades, and they are committed to continue this support through the MET program.
Motorola Solutions, Inc. (NYSE:MSI) [Detail Analytic Report] declared its Q1 earnings of $17 million. The Illinois-located firm disclosed that it had net income of 10 cents a share. Earnings, revised for non-recurring costs and costs related to mergers and acquisitions came in 48 cents a share. The results beat Wall Street anticipations. Motorola Solutions revealed its first quarter revenue of $1.19 billion, which also topped Street forecasts.
For the second quarter completing in July, Motorola Solutions expects its earnings to range from 82 to 88 cents a share. Motorola Solutions expects full-year earnings in the range of $4.45 to $4.65 a share. Shares of Motorola have increased 8.5 percent since the starting of the year, while the S&P 500 index has stayed nearly flat.
Greg Brown, Chief Executive of Motorola Solutions commented that they delivered strong earnings growth in the period driven by their North America business and Managed & Support services. They’re encouraged by the progress in their services business and overall backlog, which positions them well for continued earnings and cash flow growth.