US Army awards Harris Corporation contract with $12.7 billion ceilingStaff writer ▼ | February 29, 2016
Harris Corporation was one of three awardees of a multi-award IDIQ contract to supply HMS Manpack radios to the U.S. Army.
Acquisition Harris Corporation sells Aerostructures Business
The U.S. Army selected the Harris AN/PRC-158 multichannel radio for both dismounted and mounted manpack configurations. The Harris HMS Manpack radio features a two-channel architecture and integrated cross-banding. It includes SRW, SINCGARS and MUOS SATCOM waveforms while maintaining backward interoperability with legacy waveforms.
The HMS (Handheld, Manpack & Small Form-Fit) Manpack forms the core of the U.S. Army’s tactical communications architecture, providing an advanced communications infrastructure from the dismounted soldier to the Tactical Operations Center.
“The HMS Manpack award is a major step forward for the U.S. Army’s tactical radio modernization program, and brings essential battlefield networking and communications capabilities to the warfighter,” said Brendan O’Connell, president, Tactical Communications, Harris Communication Systems.
Concurrently to that, Albany International signed a definitive agreement to acquire Harris’ Aerostructures business for an enterprise value of $210 million.
This included $187 million in cash at closing and the assumption of a $23 million capitalized lease.
The transaction is subject to customary closing conditions and regulatory review, and is expected to close by the end of the first calendar quarter or early second calendar quarter of 2016.
The Aerostructures business is included in the company’s Electronic Systems segment and was acquired as part of Harris’ acquisition of Exelis in May 2015. The business had calendar 2015 revenue of $77 million and operates in two facilities in Salt Lake City, Utah.
Harris Aerostructures designs, manufactures and assembles advanced composite structures found throughout commercial and military aircraft - from wings and tanks to rotor blades and the airframes that form the shell of the aircraft.
These composites combine high-strength fibers that deliver many of the same benefits of metal - strength, stiffness, stability and the ability to perform in extreme temperatures - with the added benefit of less weight and more corrosion resistance. ■