Harris Corporation to Provide New Fully Digital Signals Under $243 Million GPS III Follow-On Contract

Harris Corporation (NYSE:HRS) has received a $243 million contract from Lockheed Martin (NYSE:LMT) to provide fully digital navigation signals for the first two GPS III Follow-On (GPS IIIF) satellites “ to deliver stronger signals, with greater operational flexibility.

Harris GPS IIIF fully-digital Mission Data Unit (MDU), the heart of the satellites navigation payload which generates the GPS signals, will provide more powerful signals, assure flawless clock operations for GPS users, and add flexibility to adapt to advances in GPS technology, as well as future changes in mission needs. It will provide improved capabilities over Harris 70-percent-digital MDU used for GPS III Space Vehicles 01-10 (GPS III SV01-10).

The new MDU also offers the Air Force a smooth transition to its GPS OCX ground control segment. Harris will seamlessly port its digital signal design, minimizing both integration risks and associated costs.

In September 2018, the U.S. Air Force selected Lockheed Martin, with Harris as its navigation signal partner, to build up to 22 GPS IIIF satellites, with a total estimated contract value up to $7.2 billion.

The Air Force expects the first GPS IIIF satellite, SV11, to be available for launch in 2026.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

Launched aboard GPS III SV01 in December 2018, Harris first GPS III navigation payload began broadcasting navigation signals on January 8. While testing of the first-of-its-kind satellite continues, the payload has performed beyond expectations.

Harris has provided navigation technology for every U.S. GPS satellite ever launched, enabling the reliable GPS signal that millions of people “ including U.S. soldiers “ and billions of dollars in commerce depend on every day.

About Harris Corporation

Harris Corporation is a leading technology innovator, solving customers toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports government and commercial customers in more than 100 countries and has approximately $6 billion in annual revenue. The company is organized into three business segments: Communication Systems, Electronic Systems and Space and Intelligence Systems. Learn more at harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs and about system capabilities, payload capabilities and future payload deliveries are forward-looking and involve risk and uncertainties. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Kristin Jones
Space and Intelligence Systems
[email protected]
571-419-4718

Jim Burke
Harris Corporation
[email protected]
321-727-9131