US Marine Corps Awards L3Harris Technologies $88 Million IDIQ Contract with Initial Delivery Order for Panther Satellite Terminals

ROCHESTER, N.Y. — The U.S. Marine Corps has awarded L3Harris Technologies (NYSE:LHX) a five-year, $88 million ceiling, single-award IDIQ contract — with an initial delivery order of $21 million — for a small, lightweight satellite terminal that delivers extremely reliable high-bandwidth voice, video and data.

L3Harris will provide its Panther II Very Small Aperture Terminals (VSAT) as part of the Marine Corps Wideband Satellite-Expeditionary (MCWS-X) program. The MCWS-X terminal consists of the 96cm Panther II VSAT in a tri-band configuration with multiple modular modems and power options.

A custom backpack is provided that allows any combination of band and modem to be carried in a lightweight single mission configuration.

“The L3Harris Panther II answers the Marine Corps’ need for an extremely capable, light weight, easily deployable satellite terminal that meets the demand for reliable high bandwidth voice, video and data,” said Chris Aebli, President, Global Communication Systems, L3Harris. “Our leadership in designing and delivering innovative satellite terminal solutions, and continued investment in emerging technology, ensures our forces are always able to connect through the chaos with our family of SATCOM products.”

The modular design of the Panther II allows the system to quickly adapt to varying missions. The operator can easily change modems, RF band, aperture size and acquisition method. To enable access to global service, the system is certified on a wide range of commercial and government satellite networks.

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.

Forward-Looking Statements
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 and about system capabilities 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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