Harris Corporation Awarded $27.8 Million Contract by Lockheed Martin for Undersea Surveillance Communication System
February 27 2006 - 9:00AM
PR Newswire (US)
MELBOURNE, Fla., Feb. 27 /PRNewswire-FirstCall/ -- Harris
Corporation (NYSE:HRS) today announced that it has been awarded a
three-year, $27.8 million contract by Lockheed Martin (NYSE:LMT)
Maritime Systems and Sensors to develop and integrate a
water-deployable communications system for the U.S. Navy's Advanced
Deployable System (ADS). ADS is a littoral (coastal) undersea
surveillance system designed to provide a joint-forces commander
with a continuous and reliable picture of activity over vast
oceanic areas. Total value of the ADS contract to Harris could
reach $34 million if low rate initial production options are
exercised beginning in 2007. "This contract represents a major
milestone in Harris' commitment to the Navy's Littoral Combat Ship
(LCS) program and further strengthens our relationship with both
Lockheed Martin and the Navy," said Dan Pearson, president of the
Department of Defense Programs business unit of Harris
Corporation's Government Communications Systems Division. "The
technology being developed as part of this program also advances
and complements other recent Harris developments in support of the
Navy's FORCEnet initiative." Harris is developing and integrating
the communications system that will link the ADS sensor nodes with
the LCS platform. This broadband system permits operators on the
LCS to simultaneously monitor sensor data from up to six sensor
nodes with a throughput aggregate of 9 Mbps at ranges of up to 30
nautical miles. The system also serves as the command and control
link from the LCS to the sensor platforms. The ADS initiative
consists of an Underwater Segment, a Processing and Analysis
Segment and a Mission Support Segment. ADS will enable detection of
all types of submarines, including quiet diesel submarines and
other surface ships. 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. First Call
Analyst: FCMN Contact: smeyer@harris.com 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/
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