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US Department of Navy Awards Harris Corporation (NYSE: $HRS) $765 Million IDIQ Contract for Tactical Radios

Highlights:

 

ROCHESTER, N.Y. - October 13, 2017 (Investorideas.com Newswire) The U.S. Department of Navy has awarded Harris Corporation (NYSE:HRS) a five-year, $765 million ceiling, single-award IDIQ contract to provide tactical radios and ancillary devices to the Navy and Marine Corps.

This new contract, which replaces a $300 million IDIQ contract that expired in August, enables the U.S. Department of Navy to procure radios including the Harris AN/PRC-117G, AN/PRC-152A and the new AN/PRC-160 wideband HF radio, as well as peripheral attachments to support handheld, manpack, vehicular and base station mission needs. Additionally, the contract's flexibility allows Harris to provide next-generation products as required.


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"This award stems from our successful long-standing track record of developing and delivering the most advanced family of tactical radios," said Chris Young, president, Harris Communication Systems. "The award enables Harris to continue to meet the Navy and Marine Corps' current and emerging needs so that they can successfully accomplish their missions around the globe."

About Harris Corporation

Harris Corporation is a leading 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 $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.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs are forward-looking and involve risk and uncertainties. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts

Harris Communication Systems
Tim White, 765-469-1902
tim.white@harris.com

Corporate Headquarters
Jim Burke, 321-727-9131
jim.burke@harris.com

More Info:

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