Harris Awarded Canadian Defense Tactical Radio Contract
Communications and information technology provider Harris Corporation (NYSE:HRS – $70.31) has been awarded a 4-year, C$180 million ceiling, single-award contract to supply the Canadian Armed Forces with Harris Falcon III tactical radios. The contract was awarded during the first quarter of fiscal 2015. Under the provisions of the deal, Harris will supply secure tactical radio systems including the company’s wideband handheld radio, wideband manpack radio as well as the RF-7800H high-frequency manpack radio to the Department of National Defense in support of modernization programs. “Harris Falcon III products and systems are meeting the growing demands for wideband data and tactical networking in countries around the world with a broad portfolio of proven, mission-critical solutions,’’ said Brendan O’Connell, president, international business unit, Harris RF Communications. “The radio systems will provide Canadian forces with greater situational awareness and enable end-to-end solutions that address requirements for real-time, mission-critical information on the battlefield.” Shares of Harris, yielding 2.7%, can continue to be held in a well-diversified aggressive account.