Harris Corporation (NYSE:HRS) has been awarded a five-year, $403 million, single-award IDIQ contract by the Defense Logistics Agency (DLA) for tactical radio spares and components for DLA Land and Maritime and the U.S. Army Communications-Electronics Command. The contract was awarded during the third quarter of Harris' fiscal 2017.

The contract is a continuation and expansion of previous contracts with the DLA and will provide support to additional Harris radio families. It allows the Army to secure spare and replacement parts necessary to support Harris' AN/PRC-117G, AN/PRC-150C, AN/VRC-104, AN/PRC-152, and AN/VRC-114 radios.

"This continuation contract allows the U.S. Army to sustain superior tactical communications technology and extends Harris' legacy of providing the most advanced solutions to meet our customers' mission critical communications needs," said Brendan O'Connell, president, Tactical Communications, Harris Communication Systems.

About Harris Corporation

Harris Corporation is a leading technology innovator, solving customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports government and commercial customers in more than 100 countries and has approximately $6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Space and Intelligence Systems and Electronic Systems. Learn more 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 value or expected value of orders, contracts or programs are forward-looking and involve risk 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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