MELBOURNE, Fla., Aug. 5 /PRNewswire-FirstCall/ -- Harris
Corporation (NYSE: HRS), an international communications and
information technology company, has been awarded a three-year,
$55 million follow-on production
contract from Northrop Grumman (NYSE: NOC) to supply avionics
systems for the U.S. Department of Defense F-35 Lightning II
fighter aircraft. This Low Rate Initial Production contract
brings the total value of the program for Harris to more than
$410 million since 2001.
Harris is providing next-generation avionics infrastructure,
fiber-optic network solutions, and power supplies that are integral
to the advanced capabilities of major subsystems onboard the
Lockheed Martin F-35. The infrastructure and electronics are
critical to providing more efficient, affordable and
higher-capacity avionics capabilities than ever before.
This latest contract covers production of up to 32 additional
aircraft. More than 30 aircraft are under contract to date, and
plans call for more than 3,000 aircraft over the life of the F-35
program. The F-35 is a highly lethal, survivable weapon
system that will serve as a cornerstone of future defense
capability for the U.S. and its allied partners. It is
designed to replace the A-10, the AV-8 Harrier, the F-16 and the
F/A-18.
"This contract represents another significant milestone in the
F-35 program, which is replacing the U.S. military's aging fleet of
fighter aircraft," said Pat Seamon,
vice president, Avionics and Electronics Programs, Harris
Government Communications Systems. "A global leader in
avionics for military aircraft, Harris continues to provide
products that meet the program's technology leadership and
affordability objectives."
Harris also provides advanced avionics solutions as a preferred
supplier for other major new development aircraft and upgrades such
as the U.S. Air Force F-22 Raptor and the U.S. Navy F/A-18E/F Super
Hornet.
About Harris Corporation
Harris 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
approximately $5 billion of annual
revenue and more than 15,000 employees — including nearly 7,000
engineers and scientists. Harris is dedicated to developing
best-in-class assured communications® products, systems, and
services. Additional information about Harris Corporation is
available at 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.
SOURCE Harris Corporation
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