MELBOURNE, Fla., Jan. 17 /PRNewswire-FirstCall/ -- Harris Corporation (NYSE:HRS), a world leader in geospatial information and database processing solutions, today announced that the U.S. Census Bureau has exercised its year- four option for the Master Address File/Topologically Integrated Geographic Encoding and Referencing (MAF/TIGER) Accuracy Improvement Project (MTAIP). The value of this option is $40 million, bringing the total program value-to- date to $135 million. Total potential value of the eight-year MTAIP contract, which was awarded to Harris in 2002, is estimated at $210 million. "We are very pleased to continue in our role as the premier supplier of updated geographic information to the Census Bureau," said Al Dukes, president of the Civil Programs business unit of Harris Corporation's Government Communications Systems Division. "This is a nationally important project that will enable census takers to more precisely conduct their research and tabulations, and will ultimately result in an advanced, easy-to-update digital database that accurately reflects all of our nation's geographic census data." As the program's prime contractor, Harris is applying its proven image, cartographic and database processing technologies, as well as decades of expertise developing integrated information and production management systems. The MAF will provide a complete and current list of all addresses and locations where people live or work, covering an estimated 115 million residences, as well as 60 million businesses and other structures throughout the United States. The TIGER portion of the project is a digital database that identifies the type, location and name of streets, rivers, railroads and other geographic features, and geospatially defines their relationships to each other, to the MAF, and to numerous other entities. The MTAIP project will support the Census Bureau's post-Census 2000 statistical programs, including 2010 Census testing activities, nationwide implementation of the American Community Survey and the 2010 Census. Harris Government Communications Systems Division conducts advanced research studies, develops prototypes, and produces and supports state-of-the- art, assured communications(TM) solutions and information systems that solve the mission-critical challenges of its military and government customers, while serving as the technology base for the company's diverse commercial businesses. Harris Corporation is an international communications and information technology company serving government and commercial markets in more than 150 countries. With headquarters in Melbourne, Florida, the company has annual sales of over $3 billion and more than 13,000 employees, including 5,500 engineers and scientists. The company's four operating divisions serve markets for government communications, RF communications, broadcast communications, and microwave communications. For more information, visit http://www.harris.com/ . Sound interesting? Find great jobs at Harris: http://www.careers.harris.com/ Forward-Looking Statement 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. Other factors that may impact the company's results and forward-looking statement may be disclosed in the company's filings with the SEC. 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. DATASOURCE: Harris Corporation CONTACT: Sleighton Meyer, Government Communications Systems Division, +1-321-727-6514, or , or Brent Dietz, Corporate Headquarters, +1-321-724-3554, or , both of Harris Corporation Web site: http://www.harris.com/

Copyright

Harris (NYSE:HRS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Harris Charts.
Harris (NYSE:HRS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Harris Charts.