L3Harris Technologies (NYSE:LHX) will develop and integrate an end-to-end satellite system under a $193 million firm fixed-price contract for the Space Development Agency. L3Harris will support the agency with technology that will protect against advanced missiles, such as hypersonic.
Total period of performance runs through 2025 and covers delivery of four space vehicles for launch within 24 months. L3Harris will develop wide field-of-view mission payloads, various space communication and network solutions, and inter-satellite optical links on the vehicles.
“L3Harris has brought a different perspective to this mission including our experience as a responsive space prime and decades of electro-optical and infrared payload development,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris. “We understand the mission and the need to move quickly, which we’re able to do by drawing capabilities from across the company.”
L3Harris is prioritizing investments in end-to-end satellite solutions in spacecraft, payloads, ground software and advanced algorithms. L3Harris also supports the Missile Defense Agency’s Hypersonic and Ballistic Tracking Space Sensor and the U.S. Space Force’s Overhead Persistent Infrared Satellite Program.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.
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 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 value or expected value of orders, contracts or programs or about system or technology capabilities or priorities are forward-looking and involve risks and uncertainties. L3Harris 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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