Harris Corporation (NYSE:HRS) plans to invest more than USD 125 million in internal research and development (R&D) in Florida this fiscal year — bolstering high-paying jobs and the company´s innovation leadership in the state, the company said.
Florida-based R&D activities primarily will take place at the company´s Central Florida locations and focus on areas such as electronic warfare, robotics, avionics and smallsats. The region will receive over a third of the company´s overall USD 300 million-plus annual internal R&D budget — representing an industry-leading 5 percent of company revenue. The total excludes customer-funded R&D.
The internal R&D will support the company´s nearly 7,000 employment base in Florida, including over 3,300 engineers and scientists, as well as generate new high-paying positions. The company pays an average salary of USD 95,000 in Florida and has about 375 openings in the state, primarily in engineering.
Harris Corporation is a technology innovator, solving customers´ toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports government and commercial customers in more than 100 countries and has approximately USD 6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Electronic Systems and Space and Intelligence Systems. Learn more at harris.com.