MELBOURNE, Fla.--(BUSINESS WIRE)--Harris Corporation (NYSE:HRS) today announced a one-year, $10 million follow-on production contract for its portion of production of the Small Tactical Terminal, a co-developed product with ViaSat (NASDAQ: VSAT). This latest award brings the overall contract value for Harris to more than $25 million since 2010.
The Small Tactical Terminal (STT) was jointly developed by ViaSat and Harris, to enable soldiers at the tactical edge of the battlefield to access real-time situational awareness, location, and command and control information using a single radio terminal sized to fit space-constrained, mobile-ground and light-aircraft platforms.
"The STT leverages innovative and proven tactical communications expertise from both ViaSat and Harris,” said Ed Zoiss, vice president and general manager, Defense Programs, Harris Government Communications Systems. “It is built upon ViaSat's rich heritage in Link16 terminals and utilizes a Software Communications Architecture based on the Harris Falcon III® AN/PRC-152(C) multiband handheld radio.”
The STT combines industry-leading expertise in the Link16 tactical communications and VHF/UHF radio technologies, including the Soldier Radio Waveform and the Harris Adaptive Networking Wideband Waveform, in a small size, weight and power unit at a lower cost. It provides two simultaneous radio channels in a significantly smaller chassis than previous terminals, making digital Link 16 communications available to users who previously could not use it due to size and weight constraints.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and about 13,000 employees — including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available 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 expected value of the program to Harris 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.
