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Article: U.S. Air Force Awards Harris Corporation Space-Based Radar Payload Design and Demonstration Contract Potentially Worth $88 Million.
- Article from:
- Business Wire
- Article date:
- March 19, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/High-Tech Writers
MELBOURNE, Fla.--(BUSINESS WIRE)--March 19, 2003
Harris Corporation (NYSE:HRS) announced today that it is one of three companies awarded three-year contracts by the U.S. Air Force to develop and demonstrate a prototype radar payload for Space-Based Radar (SBR), a critical national defense program. The initial value of the contract is $8.6 million, with options that could bring it to $88 million over the three-year period of the prototype program. The final payload design, development, production and support program for all SBR spacecraft could reach $1 billion by 2013 for the winning company, which will be selected at ...