Jul 10, 2017   SOURCE: BusinessWire

US Army Awards Harris Corporation $461 Million Ceiling IDIQ Contract for LMR Network Modernization

Harris Corporation (NYSE:HRS) has been awarded a five-year, $461 million ceiling, multi-award IDIQ contract to modernize the U.S. Army's mission-critical communications network. The contract was awarded in the first quarter of Harris’ fiscal 2018.

Under the contract, Harris will upgrade the land mobile radio (LMR) system infrastructure on Army bases across the U.S., as well as replace existing systems with the latest technology. Harris received its first order from the contract for two Voice, Interoperability, Data and Access (VIDA®) cores, support services and integration of the first Army installation into the enterprise network.

“Opening up this critical project to competition is a major step forward in bringing richer innovation, better technology, heightened responsiveness and more competitive pricing to the customer,” said Nino DiCosmo, president, Harris Public Safety and Professional Communications. “Our Army customer clearly recognizes the value of competition, applying open standards and open architecture to its network. This forward-thinking approach will allow multiple vendors and multiple technologies to be integrated, ensuring interoperability into the future.”

Harris Public Safety and Professional Communications is a leading supplier of communications systems and equipment for public safety, federal, utility, commercial and transportation markets. The business has more than 80 years of experience in public safety and professional communications, and supports more than 500 systems around the world.

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.