U.S. Army Awards Harris Corporation $140M Mid-Tier Networking Vehicular Radio Contract
Harris Corporation (NYSE: HRS), an international communications and information technology company, has been awarded the Mid-Tier Networking Vehicular Radio (MNVR) contract from the U.S. Army.
The indefinite-delivery, indefinite-quantity contract has a potential total value of $140 million. Harris was chosen in a competitive procurement over three other bidders. The contract includes an initial order for up to 232 MNVR radio systems for the upcoming Network Integration Evaluation 15.1 in the fall of 2014.
The two-channel MNVR solution is based on Harris' combat-proven Falcon III® wideband networking technology. Harris has deployed more than 45,000 Falcon III wideband radios around the world.
Harris RF Communications is the leading global supplier of secure radio communications and embedded high-grade encryption solutions for military, government and commercial organizations. The company's Falcon® family of software-defined tactical radio systems encompasses manpack, handheld and vehicular applications. Falcon III is the next generation of radios supporting the U.S. military's Joint Tactical Radio System (JTRS) requirements, as well as network-centric operations worldwide. Harris RF Communications is also a leading supplier of assured communications® systems and equipment for public safety, utility and transportation markets — with products ranging from the most advanced IP voice and data networks to portable and mobile single and multiband radios.
Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and about 14,000 employees – including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems and services. Additional information about Harris Corporation is available 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 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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.