Harris Corporation Awarded $1.7 Billion Foreign Military Sales IDIQ Contract for Tactical Communication Solutions

ROCHESTER, N.Y.--(BUSINESS WIRE)--

Harris Corporation HRS has received a five-year, $1.7 billion ceiling, single-award follow-on IDIQ contract from the U.S. Army Communications-Electronics Command (CECOM) to supply secure tactical communication solutions. The contract was awarded under the Foreign Military Sales (FMS) program and was received during the fourth quarter of Harris' 2016 fiscal year.

Under the contract, Harris will supply a wide range of secure radio communications, tactical communication networks and embedded high-grade encryption solutions spanning Harris' entire tactical communications offerings.

"The contract highlights that Harris tactical communication solutions continue to meet the varied needs of our international customers," said Chris Young, president, Harris Communication Systems. "The agreement will add to an already broad range of Harris communications products and services for international customers under the FMS program."

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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