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-48E 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 the SPS-48G configuration under the U.S. Navy‘s Radar Obsolescence and Availability Recovery initiative, the company said Tuesday.
Harris subsidiary Exelis designed the long-range surveillance 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 of the SPS-48 platform to last until 2050.
Harris booked the contract during the first quarter of its 2016 fiscal year.
