Harris Corp. Lands $397 Million Contract With Department of Defense

Before you go, we thought you'd like these...
Before you go close icon

Florida-based telecom Harris Corp. (NYS: HRS) has scored a $397 million deal from the Department of Defense, according to a press release from the company today.

The two-year contract to provide Falcon III tactical handheld radios to U.S. forces could be worth up to $712 million if a pair of optional one-year extensions are exercised. Harris will also provide training and accessories. The contract was awarded by the Space and Naval Warfare Systems Command.

The company's Department of Defense business president, George Helm, was quoted in the press release as saying: "We applaud the joint program office for taking this step to encourage innovation, which will drive greater competition in tactical radios."


Harris Corp. has about $5.5 billion of annual revenue and about 15,000 employees.

The article Harris Corp. Lands $397 Million Contract With Department of Defense originally appeared on Fool.com.

Dan Carroll has no positions in the stocks mentioned above. The Motley Fool owns shares of General Dynamics. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners