Harris Awarded $397 Mto Provide US DoD with Falcon III Handheld Radios

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 $397 million to continue providing Falcon III® handheld tactical radio systems to the U.S. Department of Defense (DoD).

The two-year contract, awarded by Space and Naval Warfare Systems Command on behalf of the U.S. DoD, enables U.S. forces to acquire radios from the Falcon III® AN/PRC-152 handheld radio family, along with accessories and training. The contract includes two additional 1-year options that if exercised could increase the potential value to $712 million.

Harris is one of two suppliers to receive new contracts in connection with the Consolidated Single-Channel Handheld Radio (CSCHR) program. Harris has provided the U.S. military with more than 100,000 AN/PRC-152 radios under the CSCHR program since 2007. "The new CSCHR contract provides the government with important new flexibility in meeting the emerging needs of warfighters for tactical communications," said George Helm, president, Department of Defense business, Harris RF Communications. "The contract gives the government the option to make awards using 'best-value' contract criteria to deliver added capability to warfighters as technology allows. We applaud the joint program office for taking this step to encourage innovation, which will drive greater competition in tactical radios."

The Falcon III® family of radios was developed by Harris using its own research and development funds.

Source: Harris Corporation (NYSE: HRS)
Date: Oct 22, 2012