ROCHESTER, N.Y.--(BUSINESS WIRE)--Harris Corporation (NYSE:HRS) has been awarded a five-year, $875 million ceiling, multi-award IDIQ contract by the U.S. Air Force for cryptographic and information assurance products, including support throughout their lifecycles.
The contract, which consists of a five-year base term with an additional five-year option, was awarded to seven companies during the third quarter of Harris' fiscal 2017. Orders may include a broad range of work for the different phases of the contract, such as material solutions analysis; technology development; technology maturation and risk reduction; preliminary design, engineering and manufacturing development; and production and sustainment.
"Secure communications on the battlefield is a critical element in keeping our warfighters safe and ensuring mission success," said Chris Young, president, Harris Communication Systems. "This award reflects our advanced technical capabilities and proven ability to deliver secure communication solutions."
About Harris Corporation
Harris Corporation is a leading technology innovator, solving customers’ toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports government and commercial customers in more than 100 countries and has approximately $6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Space and Intelligence Systems and Electronic Systems.
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.