Harris awarded IDIQ contracts from U.S. Army Harris has been awarded two indefinite delivery, indefinite quantity contracts to supply the U.S. Army with Harris Soldier Radio Waveform vehicular appliqué systems. Harris is one of four companies that were selected to compete for orders on the contracts, which have a potential total value of $988M. The Harris SRW appliqué systems will be part of the Army tactical network modernization program. The Harris SRW appliqué systems consist of a Falcon III wideband radio and small form factor wideband power amplifier. The systems provide seamless connections between soldiers, their command centers and higher headquarters. They deliver vehicular-based voice, video and data communications for enhanced situational awareness and command and control. Harris previously announced initial orders from the U.S. Army for the appliqué system in 2012.
Harris discount to peers to decline, says Sterne Agee CRT Sterne Agee CRT says that Harris' (HRS) acquisition of Exelis (XLS) gives it the opportunity to divest its non-core assets. The firm thinks that these divestments would decrease Harris' valuation discount versus its peers. The firm keeps a $90 price target and Buy rating on Harris.