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#Defense Stock News: Harris Corporation (NYSE: $HRS) Awarded $133 Million US Navy and Australian F/A-18 Electronic Warfare Contract

Highlights:

 

MELBOURNE - October 16, 2017 (Investorideas.com Newswire) FlaHarris Corporation (NYSE: HRS) has received a $133 million contract to supply electronic jammers to protect U.S. Navy and Australian F/A-18 Hornet and Super Hornet aircraft against electronic threats. The contract was awarded during the first quarter of Harris' fiscal 2018.

Under the contract, Harris will manufacture and deliver ALQ-214(V)4/5 Integrated Defensive Electronic Countermeasures (IDECM) jammers for the F/A-18C/D/E/F variants. The ALQ-214(V)4/5 is the key onboard electronic warfare jamming system for the IDECM program and protects the aircraft from sophisticated electronic threats, including modern integrated air defense systems.


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Deliveries to the U.S. Navy and to Australia through the U.S. government's Foreign Military Sales program are expected to be complete by May 2020.

"Naval aviators face a growing range of threats as their missions evolve and hostile actors gain access to increasingly advanced technology," said Ed Zoiss, president, Harris Electronic Systems. "Harris has helped keep naval aviators ahead of emerging threats for nearly 20 years. We remain firmly committed to supporting their critical missions."

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 and about technology capabilities are forward-looking and involve risks 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 Electronic Systems
Sleighton Meyer, 321-727-4020
sleighton.meyer@harris.com

Harris Corporation
Jim Burke, 321-727-9131
jim.burke@harris.comc

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