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Harris Air Force Comm Equipment Contract Increases to $215M

Harris w-BorderHarris Corp. (NYSE: HRS) will continue to provide communications equipment for a U.S. Air Force facility under a contract modification worth $27.3 million, the Orlando Sentinel reported Tuesday.

The company’s government communications systems division will work to retrofit gear at the Air Force Space and Missile Center in El Segundo, Calif., according to the report.

The total contract value increases to $215 million with this new order, the Sentinel reports.

Military’s satellite and space systems undergo on-orbit inspections, tests, maintenance and repairs at the center, based at Los Angeles Air Force Base.

Harris recently approved a 12th straight increase to its quarterly cash dividend and plans to repurchase $200 million in shares during its 2014 fiscal year.

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