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U.S. Army Increases Harris Corporation IDIQ Tactical Communications Contract Ceiling By $500 Million

Stocks in this article: HRS

Harris Corporation (NYSE:HRS), an international communications and information technology company, has received a $500 million increase in the ceiling value of its 2011 Indefinite Delivery, Indefinite Quantity (IDIQ) contract with the U.S. Army Communications Electronics Command.

The increased ceiling provides the U.S. government with greater flexibility in acquiring Harris radios, accessories, systems and services to assist international partners with their mission-critical communication needs.

Under the contract, Harris provides military and land mobile radio systems to international partners of the U.S. State Department and U.S. Department of Defense. The contract is part of the U.S. government's Foreign Military Sales program, which supports coalition building and interoperability through sales of defense equipment, training and services.

The contract enables these organizations to acquire from the entire Harris Falcon radio portfolio, including advanced wideband solutions — such as the RF-7800H High-Frequency, RF-7800M Multiband Networking and RF-7800S Secure Personal radios — as well as Harris Unity and other land mobile radios for public safety and first responder communications.

"The increased ceiling expands our ability to support international customers with advanced tactical radios and integrated communications system solutions," said Dana Mehnert, group president, Harris RF Communications. "Backed by 50 years of expertise and world-class customer support, our radios have been proven extensively in missions all around the world. We provide users with mission-critical network communications for applications in command and control, border security, counter-terrorism and other missions.’’

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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