NOAA Awards Harris Corporation $284 Million GOES-R Series Ground Segment Contract Extension

Highlights:

Modernizes the computing infrastructure of the existing GOES-R ground system

Lowers life-cycle cost by reducing information technology footprint

Extends the ground segment contract to support GOES-T and GOES-U missions

The National Oceanic and Atmospheric Administration (NOAA) has awarded Harris Corporation (NYSE:HRS) a three-year, $284 million sole-source extension on the ground segment contract supporting Geostationary Operational Environmental Satellite (GOES) -R Series weather satellites - bringing new technologies that support increased capabilities.

The three-year contract extension will modernize the ground-computing infrastructure and reduce the IT footprint, laying the foundation for future migration to cloud technologies. It extends the partnership with NOAA's National Environmental Satellite, Data and Information Service (NESDIS) to 13 years - and brings the total contract value to $1.65 billion.

The GOES-R ground segment controls and commands NOAA's two new geostationary weather satellites, GOES-16 (East) and GOES-17 (West), and will control GOES-T and GOES-U satellites after their launches. The ground segment controls the Harris-built main payload, the Advanced Baseline Imager, and other onboard instruments.

It also collects and processes 3.5 terabytes of science data every day that is used for severe weather warnings, real-time fire detection and other life-saving information used by the U.S. National Weather Service and more than 10,000 direct users worldwide. Weather data and products are generated in less than 30 seconds, and space weather products in 1.8 seconds.

The first and second satellites in the GOES-R Series launched in 2016 and 2018, and both are operational.

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 government and commercial customers in more than 100 countries and has approximately $6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Electronic Systems and Space and Intelligence Systems. 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 and about technology capabilities 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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LINK:	https://www.harris.com/press-releases/2019/05/noaa-awards-harris-corpo...
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