Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Aireon Awards Harris Corporation Contract For Largest Implementation Of Hosted Satellite Payloads; Will Provide Global Satellite-Based Aircraft Tracking

Stock quotes in this article: HRS, IRDM 

Harris Corporation (NYSE:HRS) will provide 81 ADS-B 1090 Extended Squitter (ES) receiver payloads to Aireon LLC, to be hosted on the Iridium NEXT satellite constellation under a five-year contract that will ultimately transform air traffic management (ATM) with a global satellite-based aircraft tracking system. Iridium NEXT is the next-generation satellite constellation planned to start launching in 2015 by Iridium Communications Inc. (Nasdaq:IRDM). Aireon is a planned joint venture between Iridium and NAV CANADA.

The Harris contract for 81 ADS-B payloads represents the largest implementation of a hosted payload solution to date and positions Harris as a leader in the hosted payload market.

ADS-B receiver payloads will be mounted on each Iridium NEXT satellite to operate independently and perform the air traffic surveillance function separately from the main mission of the spacecraft. ADS-B payload power will come from the main satellite bus and it will be designed to work with other sub-systems such as thermal management or communications systems. By sharing Iridium’s on-orbit capability and ground infrastructure, these commercially hosted payloads illustrate how to avoid the cost of building and launching separate satellite s – reducing the expense and time required to get mission capabilities into space for government and private organizations alike through a public-private partnership model.

Currently, the ground-based systems primarily use radar to provide aircraft surveillance. As part of the global ATM modernization, air navigation service providers (ANSPs) such as the U.S. Federal Aviation Administration (FAA) and NAV CANADA are implementing new Automatic Dependent Surveillance-Broadcast (ADS-B) systems that requires all airplanes to be equipped with on-board ADS-B transmitters to broadcast GPS position and other useful data. However, ADS-B networks are limited by the ground-based ADS-B towers which collect this data for the ANSPs. The ground-based ATM infrastructure cannot monitor flights over oceans or remote regions of the globe where placing an ADS-B tower is not feasible.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,354.40 121.18 0.80%
NASDAQ 3,498.97 33.73 0.97%
S&P 500 1,667.47 17.00 1.03%
US 10 Yr 1.949% +0.084

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs