Harris Corporation One of 12 Companies Selected for $4B U.S. Army Communications and Transmission Systems IDIQ Contract
Harris Corporation (NYSE: HRS), an international communications and information technology company, has been awarded the Communications and Transmission Systems (CTS) contract by the U.S. Army. The contract enables the company to compete for a wide range of communications systems and services projects supporting the ongoing upgrade and maintenance of the Army's terrestrial network infrastructure. Harris was one of 12 prime contractors selected for the five-year, indefinite delivery/indefinite quantity (IDIQ) contract, which has a total potential value of $4 billion. Under the CTS IDIQ, Harris will pursue individual task orders for satellite communications systems and components, multimedia/multi-frequency solutions, and corresponding management and administrative responsibilities to support the Army's worldwide networks of satellite communications terminals and terrestrial transmission systems. Specific services could include systems integration, engineering and analysis, and facility and site preparation, as well as installation, operation, maintenance, program management, logistics, technical field assistance, and other support activities. "This contract win reflects the broad expertise of Harris and its team members in satellite communications systems, networks, information technology and services supporting critical defense missions," said Ed Zoiss, vice president and general manager, Defense Programs, Harris Government Communications Systems. "The CTS work will support the Army's strategic communications networks worldwide, including Harris-built GSC-52 and Modernization of Enterprise Terminals." The Harris CTS team is comprised of more than 100 companies recognized as leaders in the development, deployment and sustainment of communications and transmission systems technology. About Harris Corporation 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(R) products, systems and services. Additional information about Harris Corporation is available 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 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.