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L3Harris Awarded a $482 Million USD Royal Canadian Air Force Contract Extension to Deliver Continued CF-18 Support
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Rhea-AI Summary
L3Harris Technologies (NYSE:LHX) has secured a 4-year, $482 million USD contract extension to provide in-service support for the Royal Canadian Air Force’s CF-18 Hornet fleet until its projected retirement in 2032. This partnership, which celebrates 35 years of collaboration, underscores L3Harris as Canada’s exclusive fighter aircraft center of excellence. The contract will involve various services at multiple locations, emphasizing flexibility and economic benefits as part of Canada’s Sustainment Initiative.
Positive
Secured 4-year, $482 million contract extension for CF-18 support.
Reinforces L3Harris as Canada's only fighter aircraft center of excellence.
35 years of partnership with RCAF enhances long-term stability.
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None.
Highlights:
Recognizes L3Harris’ premier in-service support capabilities and expertise
Maintains L3Harris’ position as Canada’s only fighter aircraft center of excellence
Marks 35 years of successful Canadian partnership on the CF-18 fleet
MIRABEL, Quebec--(BUSINESS WIRE)--
L3Harris Technologies (NYSE:LHX) has been awarded a 4-year, $482 million USD performance based contract extension (PBC), with option years, to continue in-service support of the Royal Canadian Air Force’s (RCAF) CF-18 Hornet fighter aircraft fleet until its retirement that is currently estimated to occur in 2032.
Under a Sustainment Business Case Analysis process, the four Sustainment Initiative principles of Performance, Value for Money, Flexibility, and Economic Benefits were the drivers in the development of the optimized and tailored solution. With this contract extension, L3Harris will continue to provide fleet and program management, maintenance, engineering, material management, electronic publications, integrated logistic support, data management and operational software support. Work will be conducted at L3Harris’ Mirabel facility, as well as at Canadian Forces Base (CFB) Cold Lake and CFB Bagotville.
“This contract recognizes L3Harris as Canada’s only fighter center of excellence, and is a testament to our ongoing performance and commitment to customer focus, flawless execution and long-term partnership with the RCAF,” said Ugo Paniconi, General Manager, MAS, L3Harris.
L3Harris recently marked 35 years supporting the CF-18 aircraft fleet, including significant structural life-extension and systems modernization work that has ensured the CF-18 remains operationally relevant, and extending the value of Canada’s investment in the platform. This latest performance-based contract will provide flexibility, economic benefits and value as part of Canada’s Sustainment Initiative.
L3Harris has created hundreds of high-technology jobs in Quebec with F/A-18 support contracts for Canada, Australia, Switzerland, Finland, Spain and the United States. The L3Harris Mirabel division employs more than 1,150 people across Canada and is a leading in-service support integrator for the Department of National Defence.
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 space, air, land, sea and cyber domains. L3Harris has more than $17 billion in annual revenue and 47,000 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 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.
