Technology and advanced communications provider Harris Corp. (NYSE: HRS – $145.67) has been awarded three IDIQ contracts with ceilings totaling $1.5 billion to provide the National Geospatial-Intelligence Agency (NGA) with geospatial data services for up to 10 years. Melbourne Florida’s Harris will create, manage and disseminate high-quality geospatial-intelligence information for use by the U.S. intelligence community and military worldwide under contracts that cover all three areas of NGA’s JANUS program – geography, imagery and elevation. The JANUS program will contribute to and maintain comprehensive, geospatially accurate databases of the world that can be accessed quickly as intelligence, operational and crisis needs arise. The company has partnered with the NGA for almost 20 years to provide automated geospatial data processing, data management and geospatial systems design and development. Harris also provides high-resolution geospatial data content and products under NGA’s Foundation GEOINT Content Management program, and previously supported the Global Geospatial-Intelligence program.
The shares, up nearly 30% over the past year and yielding 1.6%, have room to run.