#Defense Stock News: Harris Corporation (NYSE: $HRS) Awarded $133 Million US Navy and Australian F/A-18 Electronic Warfare Contract
- Continues nearly 20-year legacy of Harris support for U.S. Navy's IDECM program
- Provides Lot 14 AN/ALQ-214(V)4/5 onboard jammers for Navy and Australian F/A-18s
- Ensures naval aviators can rely on electronic warfare technology for safety and mission success
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.
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.
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.
Harris Electronic Systems
Sleighton Meyer, 321-727-4020
Jim Burke, 321-727-9131
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.