ROCHESTER, N.Y.--(BUSINESS WIRE)--Harris Corporation (NYSE:HRS) has received from the Defense Logistics Agency a $100 million increase in the ceiling value of its 2011 single-source IDIQ contract from $85 million to $185 million, with an August 2016 completion date.
The ceiling increase provides the U.S. Army and federal civilian agencies with greater flexibility in acquiring spare parts for a wide range of Harris Falcon® handheld, manpack and vehicular tactical radios.
"The increased ceiling expands our ability to support the mission-critical needs of our customers,” said Chris Young, president, Harris Communication Systems. "We continue to provide world-class customer support for the Army and throughout the Department of Defense.”
About Harris Corporation
Harris provides advanced, technology-based solutions that solve government and commercial customers’ mission critical challenges. The company has approximately $8 billion in annualized revenue and more than 22,000 employees — including 9,000 engineers and scientists — supporting customers in more than 125 countries. Learn more at harris.com.
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. 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.