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TheStreet Open House

Harris Corporation Receives Contract And Initial $11 Million Order From NATO Country For Falcon Radios

Stock quotes in this article: HRS

Harris Corporation (NYSE:HRS), an international communications and information technology company, has received an $11 million order from the Ministry of Defence of a NATO country for the Falcon III ® Secure Personal Radio (SPR). The order is tied to a new framework contract, similar to an IDIQ, with the potential to reach $20 million over the next year.

This nation’s armed forces are acquiring the Harris RF-7800S SPR, advanced headsets and other accessories to provide high-performance voice, integrated hearing protection, wideband data and situational awareness capabilities at the team, squad and platoon levels. The soldiers will be able to maintain voice communication in rapidly changing environments and situations, while seamlessly sharing data services and tracking the position of each team member.

“This soldier system program provides important new communication capabilities at the soldier level. The Harris SPR provides the best performance and best overall solution for team-based communications, with maximum range and voice quality. The Harris SPR is a lightweight, secure soldier radio platform deployed to more than 50 nations,’’ said Brendan O’Connell, president, international business, Harris RF Communications. “This radio has rapidly grown to become the international standard for voice and data communications to the individual soldier.’’

The SPR, a core component of the Harris FalconFighter™ Soldier System, is a lightweight, secure soldier radio platform that offers full-duplex voice, multiple talk-group capabilities and data rates up to 256 Kbps. The SPR allows simultaneous communication for voice, data and even video with unlimited listeners over a range of more than two kilometers, ensuring reliable connectivity between team members and with command-level intelligence. The SPR provides continuous coverage in the 350 to 450 MHz frequency range, as well as high-speed USB connectivity to other C4 devices and provides real-time situational awareness with integrated GPS.

Harris RF Communications is the leading global supplier of secure radio communications and embedded high-grade encryption solutions for military, government and commercial organizations. The company's Falcon ® family of software-defined tactical radio systems encompasses manpack, handheld and vehicular applications. Falcon III is the next generation of radios supporting the U.S. military's Joint Tactical Radio System (JTRS) requirements, as well as network-centric operations worldwide. Harris RF Communications is also a leading supplier of assured communications ® systems and equipment for public safety, utility and transportation markets — with products ranging from the most advanced IP voice and data networks to portable and mobile single- and multiband radios.

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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