U.S. Navy Awards Harris Corporation Potential $133 Million Broadband Satellite Communication Terminal Contract
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 23 April 2014 Release date- 22042014 - MELBOURNE, FL - The U.S. Navy has awarded Harris Corporation (NYSE:HRS) an eight-year contract valued at up to $133 million to provide shipboard terminals that give crews access to high-bandwidth voice and data communications.
Under the agreement, Harris will provide up to 120 terminals in addition to the 70 terminals already delivered since 2008 under the indefinite delivery/indefinite quantity Commercial Broadband Satellite Program (CBSP) Unit Level Variant (ULV) contract. The new award brings the total potential value of CBSP ULV and Force Level Variant contract awards to Harris to more than $250 million through 2022.
The program provides worldwide, commercial, end-to-end telecommunications services to the Navy. The 1.3-meter Harris terminals offer X-band operation over existing military satellites, and the option of military/commercial Ka-band operation for future deployed satellite systems. They support essential mission requirements and provide high-speed Internet access and video communications on small combatant and support ships. Harris terminals also are used onboard Navy amphibious assault ships.
'These Harris terminals provide the Navy with access to the high-bandwidth services essential to mission-critical communications and to morale,' said Ed Zoiss, vice president and general manager, Defense Programs, Harris Government Communications Systems. 'Harris is delivering the next generation of military and commercial satellite capabilities to the Navy fleet.' About Harris Corporation Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and about 14,000 employees - including 6,000 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 harris.com.
Contact: Sleighton Meyer Tel: 321-727-6514 Email: firstname.lastname@example.org Jim Burke Tel: 321-727-9131 Email: email@example.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.
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