The U.S. Naval Sea Systems Command has awarded Harris Corp. (NYSE: HRS) a potential four-year, $113 million contract for the modernization of AN/SPS-48EÂ three-dimensional radar systems.
The contract has a one-year base value of $39 million and calls for Harris to convert the maritime radars into theÂ SPS-48G configuration underÂ the U.S.Â Navy‘s Radar Obsolescence and Availability Recovery initiative, the companyÂ said Tuesday.
Harris subsidiaryÂ Exelis designed the long-range surveillanceÂ technology with a solid-state transmitter and for installation on aircraft carriers, frigates and large deck transports.
Rich Sorelle, president of Harris’ electronic warfare business, said the company estimates the operational service ofÂ the SPS-48 platform toÂ last untilÂ 2050.
HarrisÂ booked the contract duringÂ the first quarter of its 2016 fiscal year.