US Army Receives MNVR Milestone C and LRIP Auorization; Places Initial Order for Harris Corporation Falcon III Radios

Highlights:

Warfighters can share voice, data and situational awareness with battalion and brigade levels

Two-channel radio provides WNW, SRW and SINCGARS waveforms

Order reinforces Harris' position as leading provider of tactical radios to the DoD

The U.S. Army has placed an initial order of approximately $10 million for Harris Corporation's (NYSE:HRS) Falcon III AN/VRC-118 Mid-tier Networking Vehicular Radio (MNVR) after receiving a Milestone C decision and authorization for a limited rate production of the radios.

The two-channel Harris MNVR solution is based on the company's combat-proven Falcon III tactical wideband networking technology and uses the Wideband Networking Waveform (WNW) and Soldier Radio Waveform (SRW). It enables warfighters to share voice, data and video and also operates as a node in a mobile network - so information can be transmitted from one MNVR system to another until it reaches its destination. The Army has deemed the radio operationally effective and stated that it enhances solider effectiveness. The radios will be used to field the 1st and 3rd Brigades of the 82nd Airborne Division as part of Capability Set 17.

MNVR has proven that it provides the Army a robust capability between battalion and above and company and below to allow continued brigade operations in satellite denied environments, said Brendan O'Connell, president, Harris Tactical Communications. The MNVR supports the warfighters' mission and exceeds system reliability, operational availability and maintainability requirements.

About Harris Corporation

Harris Corporation is a leading technology innovator, solving customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports customers in more than 100 countries and has approximately $7.5 billion in annual revenue and 21,000 employees worldwide. The company is organized into four business segments: Communication Systems, Space and Intelligence Systems, Electronic Systems and Critical Networks. Learn more at harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect managements 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 value or expected value of orders, contracts or programs are forward-looking and involve risk 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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LINK:	https://www.harris.com/press-releases/2016/10/us-army-receives-mnvr-mi...
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