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Harris Intl Radio Contract Increased to $846M

Harris w-BorderThe U.S. Army has increased the potential value of an international radio procurement contract held by Harris Corp. (NYSE: HRS) to $846 million.

Saudi Arabia, Poland, Czech Republic, El Salvador, Latvia and Romania are acquiring radios under the foreign military sales contract, the Defense Department said Friday.

Harris will also produce 232 mid-tier networking radios for the Army under an $8.4 million delivery order, which is part of a contract that could be worth up to $140.7 million.

The company could make 2, 500 low-rate initial production units under that contract.

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