Harris Corporation Receives Potential $750 Million Imagery Contract from the National Imagery and Mapping Agency - NIMA.Business Editors/High-Tech Writers MELBOURNE, Fla.--(BUSINESS WIRE)--Feb. 12, 2003 Harris Corporation Harris Corporation NYSE: HRS is an international communications equipment company that produces wireless equipment, electronic systems, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. (NYSE NYSE See: New York Stock Exchange :HRS), a leader in advanced imagery processing, dissemination and technology, today announced that it has received a potential 10-year, $750 million indefinite delivery/indefinite quantity (IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) ) production contract from the National Imagery and Mapping Agency (NIMA NIMA National Imagery and Mapping Agency (now National Geospatial-Intelligence Agency; US government) NIMA never in mitosis gene a (molecular biology) NIMA North Idaho Mycological Association ) to supply geospatial and imagery-derived products for the Global Geospatial Intelligence (GGI GGI General Graphics Interface GGI Goldense Group, Inc. (Needham, MA) GGI Guilty Gear Isuka (game) GGI Gold’s Gym International GGI GPS Geoscience Instrument ) program. Under the IDIQ contract, Harris will supply NIMA with foundation data products, mapping and charting production services, surveying services, and production management in support of GGI. Harris is currently providing NIMA with similar products and services under a program called OMNIBUS. GGI is the next-generation, follow-on program to OMNIBUS. "We are very pleased that NIMA has again selected Harris as a trusted provider of imagery products that play a key role in support of national security," said Bob Henry, president, Harris Government Communications Systems Division (GCSD GCSD Groveland Community Services District (Groveland, CA) GCSD Government Communications System Division GCSD Gladwin County Sheriff Department (Michigan) ). "Harris has extensive experience in processing and combining multiple types of imagery and graphics into composite products, and we continue to advance the technologies used for image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished , data fusion, display, and digital product generation applications." The GGI program encompasses analysis and visual representation of security-related activities on the earth's surface. This geospatial intelligence - derived from both commercial and government sources - is provided by NIMA to policy makers, military decision makers, and warfighters. The imagery is also tailored to support civilian federal agencies and selected international organizations. NIMA (http://www.nima.mil) is a member of the National Intelligence Community and a Department of Defense Combat Support Agency. NIMA's mission is to provide timely, relevant, accurate and customer-specific geospatial intelligence in support of national security. Headquartered in Bethesda, Maryland, NIMA operates major facilities in northern Virginia, Washington, D.C., and St. Louis, Missouri. Harris GCSD, one of five divisions within Harris Corporation, conducts advanced research studies, develops prototypes, and produces and supports state-of-the-art, assured communications and information systems that solve the mission-critical communications challenges of its military and government customers, as well as provides the technology base for the company's diverse commercial businesses. Harris Corporation, which also provides tactical radio, broadcast, microwave, and network support products and systems, has sales and services facilities in more than 90 countries. For more information, visit http://www.harris.com. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the expected value Expected value The weighted average of a probability distribution. Also known as the mean value. of the program to Harris are forward-looking and involve risks and uncertainties. Other factors that may impact the company's results and forward-looking statement may be disclosed in the company's filings with the SEC. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. |
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