US Army Awards Harris Corporation $800 Million Expeditionary Warfare IDIQ Contract

HERNDON, Va
December 7, 2015

Highlights:

  • Provides products and services to the Army Research Lab
  • Supports expeditionary operations worldwide
  • Enables government agencies to defeat threats globally

The U.S. Army has awarded Harris Corporation (NYSE:HRS) a five-year, $800 million ceiling, multi-award IDIQ contract to provide expeditionary warfare products and services to the Army Research Lab (ARL). The ARL develops and supports advanced technology to enable government agencies to counteract and defeat threats. The contract was awarded during the first quarter of Harris' fiscal 2016.

Harris received the award under the Advanced Expeditionary Warfare Development (AEWD) contract vehicle, which provides research and advanced technology and systems for demonstration, validation and operations in expeditionary and Special Forces operations. Expeditionary warfare involves the rapid deployment of military forces to respond to specific threats or carry out complex military operations, such as amphibious landings or Special Forces infiltrations.

"The contract will provide the kind of mobility and situational awareness our forces need to combat the ever-changing threat environment we face around the world," said Carl D'Alessandro, president, Harris Critical Networks. "We have a strong record supporting these initiatives and look forward to continuing our productive relationship on AEWD."

About Harris Corporation
Harris Corporation is a leading technology innovator, solving our customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports customers in more than 125 countries, has approximately $8 billion in annual revenue and 22,000 employees worldwide. The company is organized into four business segments: Communication Systems, Space and Intelligence Systems, Electronic Systems, and Critical Networks. Learn more at harris.com.

# # #

Contact Information:

Eileen Rivera
Harris Critical Networks
eileen.rivera@harris.com
703-673-1922

Jim Burke
Harris Corporation
jim.burke@harris.com
321-727-9131

# # #

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.