Harris Awarded $96 M IDIQ Contract to Supply Precision Approach Radars to US Navy, AF and Army

Harris Corporation (NYSE: HRS) has received an eight-year, $96 million ceiling, single-award IDIQ contract from the U.S. Naval Air Systems Command (NAVAIR) to supply precision approach radars (PAR) to the U.S. Navy, Air Force and Army. The contract was awarded during the fourth quarter of Harris' fiscal 2016.

Under the contract, Harris will supply high-performance PAR systems to help the three services upgrade their precision approach and military air traffic management capabilities.

“Harris military precision approach radars combine considerable technical capability with high levels of reliability and affordability," said Ed Zoiss, president, Harris Electronic Systems. “This blend of cutting-edge technology and dependable performance makes Harris the leading supplier of PAR systems to U.S. and international military customers.”

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Harris has produced sophisticated radar technology for more than 70 years, pioneering the development of air traffic control and 3-D air defense radars for tactical applications. Harris PAR systems are used extensively today by the U.S. military and more than 20 international allies.

Source: Harris Corporation (NYSE: HRS)
Date: May 17, 2016