US Department of Navy Awards Harris Corporation (NYSE: $HRS) $765 Million IDIQ Contract for Tactical Radios
Highlights:- Supports current and emerging Department of Navy tactical radio requirements
- Includes the Harris AN/PRC-117G, AN/PRC-152A and the new AN/PRC-160 radio
- Replaces fully realized $300 million IDIQ contract that expired in August
ROCHESTER, N.Y. - October 13, 2017 (Investorideas.com Newswire) The U.S. Department of Navy has awarded Harris Corporation (NYSE:HRS) a five-year, $765 million ceiling, single-award IDIQ contract to provide tactical radios and ancillary devices to the Navy and Marine Corps.
This new contract, which replaces a $300 million IDIQ contract that expired in August, enables the U.S. Department of Navy to procure radios including the Harris AN/PRC-117G, AN/PRC-152A and the new AN/PRC-160 wideband HF radio, as well as peripheral attachments to support handheld, manpack, vehicular and base station mission needs. Additionally, the contract's flexibility allows Harris to provide next-generation products as required.
full article - http://www.investorideas.com/news/2017/defense/10131NYSEHRS.asp
This new contract, which replaces a $300 million IDIQ contract that expired in August, enables the U.S. Department of Navy to procure radios including the Harris AN/PRC-117G, AN/PRC-152A and the new AN/PRC-160 wideband HF radio, as well as peripheral attachments to support handheld, manpack, vehicular and base station mission needs. Additionally, the contract's flexibility allows Harris to provide next-generation products as required.
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full article - http://www.investorideas.com/news/2017/defense/10131NYSEHRS.asp
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