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4-Traders Homepage  >  Equities  >  Nyse  >  Harris Corporation    HRS

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Harris : Awarded $28 Million IDIQ Contract to Repair US Navy Electronic Warfare Technology Friday, February 05, 2016

02/05/2016 | 09:25am US/Eastern

MELBOURNE, Fla., Feb. 5, 2016 - Harris Corporation (NYSE: HRS) has been awarded a five-year, $28 million ceiling, single-award IDIQ contract to provide repair services for the Navy's Integrated Defensive Electronic Countermeasures (IDECM) program. The contract includes a two-year base period and three one-year options.

Under the contract, issued by the U.S. Naval Supply Systems Command Weapon System Support (NAVSUP WSS), Harris will repair Weapons Replaceable Assemblies (WRA) on an order-by-order basis to support IDECM fleet assets. Harris has supported the IDECM program for 18 years - continually improving the AN/ALQ-214's capabilities to address the evolving airborne electronic warfare threat landscape.

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.

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Contact Information:

Deb Green
Harris Electronic Systems
dgreen20@harris.com
321-727-6780

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

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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.

Harris Corporation issued this content on 05 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 February 2016 14:24:24 UTC

Original Document: http://harris.com/view_pressrelease.asp?act=lookup&pr_id=4505

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