Harris Corporation (NYSE: HRS) has received a four-year, $113 million contract from the U.S. Naval Sea Systems Command (NAVSEA) to upgrade the Navy's primary long-range, three-dimensional defense radar. The contract includes an initial $39 million order and three one-year options. The contract was received in the first quarter of Harris' fiscal 2016.
Harris was awarded the contract under the Navy's Radar Obsolescence and Availability Recovery (ROAR) program to upgrade AN/SPS-48E radars to the more advanced SPS-48G version, which uses a modern solid-state transmitter. This approach increases fleet readiness to address emerging threats, while lowering the Navy's total cost of radar ownership.
"The SPS-48 radar provides an essential surveillance capability for the U.S. Navy, which faces growing and increasingly more complex threats," said Rich Sorelle, president, Harris Electronic Warfare business unit. "The radar is expected to remain in operation through the year 2050, and Harris is committed to ensuring it remains effective and dependable throughout its service life."
Source: Harris Corporation (NYSE: HRS)
Date: Dec 1, 2015