Harris Corporation Awarded $27.8 Million Contract by Lockheed Martin for Undersea Surveillance Communication System
MELBOURNE, Florida, February 27, 2006 — Harris Corporation (NYSE:HRS) today announced that it has been awarded a three-year, $27.8 million contract by Lockheed Martin (NYSE:LMT) Maritime Systems and Sensors to develop and integrate a water-deployable communications system for the U.S. Navy’s Advanced Deployable System (ADS). ADS is a littoral (coastal) undersea surveillance system designed to provide a joint-forces commander with a continuous and reliable picture of activity over vast oceanic areas. Total value of the ADS contract to Harris could reach $34 million if low rate initial production options are exercised beginning in 2007.
“This contract represents a major milestone in Harris’ commitment to the Navy’s Littoral Combat Ship (LCS) program and further strengthens our relationship with both Lockheed Martin and the Navy,” said Dan Pearson, president of the Department of Defense Programs business unit of Harris Corporation’s Government Communications Systems Division. “The technology being developed as part of this program also advances and complements other recent Harris developments in support of the Navy’s FORCEnet initiative.”
Harris is developing and integrating the communications system that will link the ADS sensor nodes with the LCS platform. This broadband system permits operators on the LCS to simultaneously monitor sensor data from up to six sensor nodes with a throughput aggregate of 9 Mbps at ranges of up to 30 nautical miles. The system also serves as the command and control link from the LCS to the sensor platforms.
The ADS initiative consists of an Underwater Segment, a Processing and Analysis Segment and a Mission Support Segment. ADS will enable detection of all types of submarines, including quiet diesel submarines and other surface ships.
Harris Government Communications Systems Division conducts advanced research studies, develops prototypes, and produces and supports state-of-the-art, assured communications™ solutions and information systems that solve the mission-critical challenges of its military and government customers, while serving as the technology base for the company’s diverse commercial businesses. Harris Corporation is an international communications and information technology company serving government and commercial markets in more than 150 countries. With headquarters in Melbourne, Florida, the company has annual sales of over $3 billion and more than 13,000 employees — including 5,500 engineers and scientists. The company’s four operating divisions serve markets for government communications, RF communications, broadcast communications, and microwave communications. For more information, visit www.harris.com.
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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. Other factors that may impact the company’s results and forward-looking statement may be disclosed in the company’s filings with the SEC. 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.
- Contact Information
- Sleighton Meyer
- Harris Government Communications Systems Division
- Harris Corporation
- Contact via E-mail
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