Harris (HRS) Awarded $66M Option on NSOM Contract
Tweet
Share
E-mailGet Alerts HRS Hot Sheet
Join SI Premium – FREE
Harris Corporation (NYSE: HRS) has been awarded the fifth option year of its Network and Space Operations and Maintenance (NSOM) contract to operate, maintain and logistically support the U.S. Air Force Space Command's 50th Space Wing mission.
The one-year, $66 million option brings the overall value of the program to date to $351 million. Initially awarded in 2008, the total potential value of the six-and-a-half year contract is $418 million.
Under the contract, the Harris team supports both inbound and outbound data and communications with Department of Defense satellites, delivering operations and maintenance support to the Air Force Satellite Control Network’s equipment at ten locations worldwide.
The one-year, $66 million option brings the overall value of the program to date to $351 million. Initially awarded in 2008, the total potential value of the six-and-a-half year contract is $418 million.
Under the contract, the Harris team supports both inbound and outbound data and communications with Department of Defense satellites, delivering operations and maintenance support to the Air Force Satellite Control Network’s equipment at ten locations worldwide.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Gray Media closes $750M note offering to refinance higher-rate debt
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
