Harris Corporation Awarded $273 Million (CAD) Services Contract with Government of Canada’s Investment in Calgary’s Aerospace Industry
WASHINGTON and CALGARY, Alberta, Oct. 18 /PRNewswire/ — Harris Corporation (NYSE: HRS), an international communications and information technology company, has been awarded a nine-year, $273 million (CAD) services contract by the Government of Canada for the CF-18 Avionics Optimized Weapon System Support (OWSS) program. This contract is for a six-year period plus three additional option years, and will be in effect until the end of the CF-18 Hornet fighter aircraft life expectancy in 2020. The announcement was made at the Harris facility in Calgary, on Sunday, October 17, 2010 along with representatives of the Government of Canada.
Under the contract with Harris Canada Inc., a wholly-owned subsidiary, Harris will provide repair and overhaul; engineering support; program management; life cycle support; and obsolescence and material management services to support the avionics systems on the CF-18 Hornet fighter aircraft. Harris Canada has been a trusted provider of avionics support to the CF-18 through progressive contracts effectively delivering an OWSS program for more than 11 years, and proving the concept for other military equipment programs.
“This all-inclusive aircraft maintenance OWSS contract showcases Harris’ value proposition as a partner in the Canadian government’s efforts to streamline military procurement and save money for its taxpayers,” stated John Heller, president, Harris IT Services.
This competitively won contract will sustain and create high quality jobs in Calgary and will provide important avionics maintenance for the final years of flights for the CF-18.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets worldwide. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and more than 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communicationsÂ® products, systems, and services. Additional information about Harris Corporation is available at www.harris.com.
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.
SOURCE Harris Corporation