Harris Corporation (NYSE:HRS), an international communications and information technology company, has received a $50.5 million delivery order for advanced satellite communications terminals under the U.S. Army's Modernization of Enterprise Terminals (MET) program. The next-generation military satellite communications terminals will provide the worldwide backbone for high-priority military communications and missile defense systems.
Harris is the prime contractor for the Indefinite Delivery/Indefinite Quantity MET contract, which has a potential value of $600 million. This includes a five-year base period and a five-year option period for production, as well as installation, depot and engineering services to support fielding of the terminals. This brings to $264 million the total MET orders Harris has been awarded since 2009.
Under this latest order, Harris will supply additional terminals, including large fixed X-/Ka-band terminals, and transportable X-/Ka-band terminals. The order also includes common electronics equipment, spares to support the fielding of the terminals and operator training.
“The MET program has successfully completed all required testing for SATCOM Certification of this new generation of strategic, multiband terminals, which provide critical reach-back capability for soldiers in the field,” said Bill Gattle, vice president, Aerospace Systems, Harris Government Communications Systems. "The MET terminal provides the warfighter with high performance, cost effective solutions for their MILSATCOM needs.”Under the MET program, managed by the Project Manager, Defense Communications and Army Transmission Systems (PM DCATS), Harris will replace up to 80 AN/GSC-52, AN/GSC-39, AN/FSC-78 and other aging strategic satellite communications terminals with new X-band or simultaneous X-/Ka-band terminals. Harris also is supporting field activities such as site preparation, installation and testing. Installations are already complete at Ft. Belvoir, Virginia and Ft. Detrick, Maryland, with rapid progression toward transition to their operations commands. The terminals will interface with the new Wideband Global Satellite constellation, as well as with legacy satellite systems. About Harris Corporation Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5.5 billion of annual revenue and about 15,000 employees – including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications ® products, systems and services. Additional information about Harris Corporation is available 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 expected value of the program to Harris 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.
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