Harris Names Finance Chief

Gary McArthur steps in for Bryan Roub.
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Harris

(HRS)

named Gary McArthur finance chief, replacing Bryan Roub.

McArthur, 45, was previously vice president-finance and treasurer for Harris. Roub, 64, will retire June 30.

The Melbourne, Fla., communications and information technology company also said it got a three-year, $27.8 million contract from

Lockheed Martin

(LMT) - Get Report

Maritime Systems and Sensors to develop and integrate a water-deployable communications system for the U.S. Navy's Advanced Deployable System.

Harris expects the total value of the contract to reach $34 million if low rate initial production options are exercised beginning in 2007.

"This contract represents a major milestone in Harris' commitment to the Navy's Littoral Combat Ship (LCS) program and further strengthens our relationship with both Lockheed Martin and the Navy," the company said. "The technology being developed as part of this program also advances and complements other recent Harris developments in support of the Navy's FORCEnet initiative."

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