Harris Corporation Receives $51.5 Million Delivery Order Under U.S. Army's Modernization of Enterprise Terminals Contract

Top Quote Harris Corporation (NYSE:HRS), an international communications and information technology company, has received a $51.5 million delivery order for advanced satellite terminals under the U.S. Army's Modernization of Enterprise Terminals (MET) program. End Quote
  • (1888PressRelease) October 24, 2011 - Harris is the prime contractor for the Indefinite Delivery/Indefinite Quantity MET contract with a five-year base period plus a five-year option period. The MET contract is valued at a potential $600 million, including the base and option periods. This brings total MET orders for Harris to more than $212 million since the program was awarded in April 2009.

    Under this new order, Harris will supply additional terminals, including large fixed X-/Ka-band terminals, and transportable X-/Ka-band terminals. The order also includes equipment racks, spares to support the fielding of the terminals and operator training.

    "We continue to aggressively drive toward the key production and delivery milestones of this major program, which represents a new generation of strategic, multiband terminals," said Sheldon Fox, group president, Harris Government Communications Systems. "These terminals provide critical reach-back capability for soldiers in the field who must access resources not available at their remote locations."

    Under the MET program, managed by the Project Manager, Defense Communications and Army Transmission Systems (PM DCATS), Harris will replace up to 80 AN/GSC-52, AN/GSC-39, AN/FSC-78 and other aging strategic satellite communications terminals with new X-band or simultaneous X-/Ka-band terminals. The terminals will interface with the new Wideband Global Satellite constellation, as well as with legacy satellite systems.

    Harris also is supporting field activities such as site preparation, installation and testing.

    About Harris Corporation
    Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has approximately $6 billion of annual revenue and more than 16,000 employees — including nearly 7,000 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 www.harris.com.

    Contact Information:

    Sleighton Meyer
    Harris Government Communications Systems
    sleighton.meyer ( @ ) harris dot com

    Jim Burke
    Harris Corporation
    jim.burke ( @ ) harris dot 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. 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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