New Contract Vehicle Expands Warfighter Accessibility to Falcon III Joint Tactical Radio Technology ROCHESTER, N.Y., June 20 /PRNewswire-FirstCall/ -- Harris Corporation (NYSE:HRS), an international communications and information technology company, has been awarded an Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a potential value of up to $2.7 billion to supply the U.S. Department of Defense with its next-generation multiband Falcon III handheld tactical radio systems. The contract includes additional options that if exercised over a five-year period could increase the potential value to nearly $7 billion. Harris is one of two suppliers to receive IDIQ contracts for Joint Tactical Radio System (JTRS) multiband handheld radios and orders will be awarded based on competitive bidding between the two suppliers. The contract, awarded by the Joint Program Executive Office of the Joint Tactical Radio System (JPEO JTRS), calls for Harris to provide Falcon III AN/PRC-152(C) radios, accessories, training and field support. Harris also will supply versions of its Falcon III AN/VRC-110 50-watt vehicular system, which is a fully integrated communications platform based on rapidly deployable Falcon III AN/PRC-152(C) multiband handheld radios and offers capabilities well beyond legacy single-mode SINCGARS radios. In addition to SINCGARS capabilities, Falcon III radios provide UHF line-of-sight communications, close-air support and tactical satellite communications, programmable encryption, and software upgradeabilty utilizing JTRS Software Communications Architecture (SCA). The Falcon III AN/VRC-110 already has been widely fielded by the U.S. Army and provides the U.S. DoD with an immediately available JTRS alternative to legacy SINCGARS. "This is the first production contract vehicle issued by the Joint Program Executive Office for next-generation, software-defined radios," said Howard Lance, chairman, president, and chief executive officer of Harris Corporation. "Our Falcon III radios enable the DoD to field joint tactical radio technology today to address a full range of immediate mission requirements with the upgrade capability to address future requirements as well. The Falcon III multimode capability addresses critical interoperability issues and accelerates the DoD transition to JTRS technology. This radio fulfills the JTRS promise and is available today." "The Falcon III AN/PRC-152(C) was developed by Harris through internally funded R&D and was designed to address JTRS requirements," said Dana Mehnert, president of Harris RF Communications. "The Joint Program Executive Office is applying a commercial acquisition model to begin fielding JTRS-approved radios. This visionary approach provides an environment of sustained competition that benefits the warfighter. The Falcon III family positions Harris well to address the key tactical communications needs of its customers, both today and into the future." About Harris Corporation Harris RF Communications Division is a leading supplier of secure voice and data communications products, systems, and networks to military, government, and commercial organizations worldwide. Harris Corporation is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of over $4 billion and more than 15,000 employees - including more than 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(TM) products, systems, and services for global markets, including government communications, RF communications, broadcast communications, and wireless transmission network solutions. Additional information about Harris Corporation is available at http://www.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. 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: Kevin Aman, RF Communications Division, +1-585-241-8186, , or Jim Burke, Corporate Headquarters, +1-321-727-9131, , 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.