Harris Corporation Awarded $405 Million Foreign Military Sales IDIQ Contract for Tactical Radios
- Contract includes radios and associated equipment and support services
- Products include SINCGARS and SpearNet™ radios
- Contract awarded by U.S. Army Communications-Electronics Command (CECOM)
Harris Corporation (NYSE: HRS) has received a five-year, $405 million ceiling, single-award follow-on IDIQ contract from the U.S. Army Communications-Electronics Command. The follow-on contract was awarded under the Foreign Military Sales (FMS) program. The award was received during the fourth quarter of Harris' 2016 fiscal year.
Under the contract, Harris will provide a wide range of tactical communications equipment, including export versions of its Single Channel Ground and Airborne Radio System (SINCGARS); ground and airborne configurations of the SpearNet™ Team Member radio; associated products and spares; and training, installation, and field service support.
"Harris' SINCGARS and other tactical radios deliver situational awareness into the hands of the warfighter," said Chris Young, president, Harris Communication Systems. "This agreement expands the range of communications products and services Harris provides to international customers under FMS contracts."
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.
# # #
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.