The U.S. Army has increased the ceiling value of a Harris Corporation (NYSE:HRS) Indefinite Delivery, Indefinite Quantity (IDIQ) tactical communications contract by $847 million. The initial contract was awarded in 2011.
The increase enables the U.S. government to continue to acquire mission-critical Harris tactical radio solutions to assist international partners of the Departments of State and Defense. The contract is part of the Foreign Military Sales program, which supports coalition building and interoperability through sales of defense equipment, training and services.
The contract includes the entire Harris Falcon ® family of tactical radio solutions and accessories, including the combat-proven AN/PRC-117G and RF-7800M wideband manpack, AN/PRC-152A wideband handheld and RF-7800S soldier personal radios.
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 billion of annual revenue and about 14,000 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.