Harris Corporation Awarded $96 Million IDIQ Contract to Supply Precision Approach Radars to US Navy, Air Force and Army

MELBOURNE, Fla.--(BUSINESS WIRE)--

Harris Corporation HRS has received an eight-year, $96 million ceiling, single-award IDIQ contract from the U.S. Naval Air Systems Command (NAVAIR) to supply precision approach radars (PAR) to the U.S. Navy, Air Force and Army. The contract was awarded during the fourth quarter of Harris' fiscal 2016.

Under the contract, Harris will supply high-performance PAR systems to help the three services upgrade their precision approach and military air traffic management capabilities.

"Harris military precision approach radars combine considerable technical capability with high levels of reliability and affordability," said Ed Zoiss, president, Harris Electronic Systems. "This blend of cutting-edge technology and dependable performance makes Harris the leading supplier of PAR systems to U.S. and international military customers."

Harris has produced sophisticated radar technology for more than 70 years, pioneering the development of air traffic control and 3-D air defense radars for tactical applications. Harris PAR systems are used extensively today by the U.S. military and more than 20 international allies.

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.

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.

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