Harris Corporation Awarded a Second LRIP Order on US Army's HMS Manpack IDIQ Contract

Highlights:

Continues delivery of HMS Manpack radios to U.S. Army

Provides new multi-channel capabilities for the battlefield, including wideband networking

Software-defined architecture provides increased flexibility to meet differing mission requirements

Harris Corporation (NYSE:HRS) has been awarded a second low-rate initial production (LRIP) order by the U.S. Army under the HMS (Handheld, Manpack & Small Form-Fit) IDIQ contract to bring flexible and highly capable AN/PRC-158 multi-channel radios to the battlefield.

The Harris AN/PRC-158 radio features a two-channel, software-defined architecture with integrated cross-banding between waveforms, including TSM, SRW, SINCGARS, SATCOM and others, providing new advanced capabilities while maintaining backward interoperability with legacy radios. The software-defined architecture enables flexibility to respond to new and emerging requirements and allows easy porting of new waveforms. The radio is capable of simultaneously handling classified and unclassified data.

The Army's new network modernization strategy and Integrated Tactical Network (ITN) is designed to enable fighting tonight,' while seeking next-generation solutions to stay ahead of potential adversaries. Harris is committed to delivering the next generation of adaptable, software-defined radios that are software upgradeable to meet the Army's evolving network requirements, said Dana Mehnert, president, Harris Communication Systems. The AN/PRC-158 delivers the security, interoperability and resilience the Army needs for its tactical radio modernization program while providing unmatched capability for soldiers on the battlefield.

This is the second LRIP for Harris after an initial successful LRIP on this contract to supply HMS Manpack radios and will be followed by Operational Testing as part of the fielding process. The IDIQ contract includes a five-year base and an additional five-year option with a ceiling of $12.7 billion. The Army expects to purchase approximately 65,000 HMS Manpack radios under the IDIQ.

Harris Corporation is the leading global supplier of secure radio communications, tactical communications networks and embedded high-grade encryption solutions for military, public safety, municipalities, utilities and commercial customers. Harris creates a networked battlefield environment using software-defined radio technologies in all form factors, including handheld, manpack and vehicular configurations.

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 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 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/2019/06/harris-corporation-award...
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