Harris Corp. (NYSE: HRS) has been awarded a contract from Lockheed Martin (NYSE: LMT) to provide avionics infrastructure components for the Defense Department‘s F-35 Lightning II fighter aircraft.
The contract covers the production of up to 32 additional aircraft with more than 90 low-rate initial production aircraft under contract to date. More than 3, 000 aircraft will be produced over the life of the F-35 program.
The $32 million contract brings the total value of the program for Harris to more than $500 million since 2001.
Harris will Lockheed Martin with next-generation avionics infrastructure components that house the radar and integrated core processor electronics on the F35.
“This follow-on contract reflects the success of our past performance on the F-35 program and our ongoing commitment to meeting its technology leadership and affordability objectives, ” said Sheldon Fox, group president of Harris’ government communications systems.
“The infrastructure and electronics we are providing are critical to providing more efficient, affordable and higher-capacity avionics capabilities than ever before, ” he added.
