Harris Corp. has received an extension on a $765 million deal with the U.S. Navy.
Sen. Charles Schumer, D-N.Y., announced this week that the local division of the Florida-based manufacturer will receive an Indefinite-Delivery/Indefinite-Quantity contract award to continue to supply radios to the Navy for the next five years.
“This well-earned extension will support jobs at Harris, in addition to boosting the entire Rochester-area economy,” Schumer said in a statement. “Harris has proved time and time again that they can make superior radios for the U.S. military and our allies around the world.”
In June, Schumer announced that Harris was awarded a $255 million contract through the U.S. Special Operations Command to manufacture two-channel manpack radios for the Special Ops Forces Units and for foreign partners. A year ago, Harris received a $1.7 billion contract to manufacture radios from the company’s RE-7800 family of tactical radios.
Locally, Harris’ operations include Communication Systems and Harris Space and Intelligence Systems, formerly Exelis Geospatial Systems. The company employs some 3,450 staffers here and ranks as the second largest manufacturer in the region, the most recent Rochester Business Journal list of manufacturers shows.
Shares of company stock (NYSE: HRS) closed Tuesday at $133.31, a 52-week high for the company.
Follow Velvet Spicer on Twitter: @Velvet_Spicer
(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email [email protected]