EU Nation Awards Harris $90 Million in Tactical Radio Contracts
A European nation has awarded Harris Corporation contracts valued at a total of $90 million for tactical radios as part of the country’s communications readiness program. Harris’ received the contracts during the third quarter of its fiscal 2017.
The contracts include the company’s Falcon 2 AN/PRC-150C, which provides Beyond Line-of-Sight (BLOS) communications and assured communications in a satellite-denied environment, and the Falcon 3 AN/PRC-152A that provides wideband voice and data capability for enhanced situational awareness. According to Harris, the combination of the two radio systems will increase readiness and allow for full interoperability with United States, North Atlantic Treaty Organization (NATO) and coalition forces.
Despite the contracts, Harris recently downgraded its full-year guidance in its fiscal third quarter earnings report. The company now expects fiscal 2017 Generally Accepted Accounting Principles (GAAP) income from continuing operations of $5.20 to $5.25 per diluted share, down from $5.21 to $5.41 per diluted share.