An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
L3Harris Receives $297 Million Tactical Radio Contract Ceiling Increase from US Special Operations Command
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
L3Harris Technologies (NYSE:LHX) announced a significant increase in its IDIQ contract ceiling with the U.S. Special Operations Command from $255 million to $552 million. This $297 million boost supports the Falcon IV AN/PRC-167 radio systems and is a testament to the robust adoption rate of these systems, with over 20,000 units produced to date. The upgrades also enhance advanced communications through software updates, ensuring a resilient operational advantage for U.S. forces against peer adversaries.
Positive
Contract ceiling increased to $552 million, up from $255 million, indicating strong demand.
More than 20,000 NGTC systems produced, showcasing successful program adoption.
Enhanced capabilities through software updates for future communication resilience.
Negative
None.
Highlights:
Raises Indefinite Delivery, Indefinite Quantity contract ceiling to $552 million
Enables advanced communications
Extends U.S. advantage via software updates for future capabilities and resilient waveforms
ROCHESTER, N.Y.--(BUSINESS WIRE)--
L3Harris Technologies (NYSE:LHX) has received a $297 million IDIQ contract increase for its Falcon® IV AN/PRC-167 radio systems from the U.S. Special Operations Command (USSOCOM).
USSOCOM increased the initial IDIQ ceiling from $255 million to $552 million. This follows two orders in Q4 2021 totalling $36 million, the latest in a series of full-rate production orders in support of the Next Generation Tactical Communications (NGTC) program.
“Reaching the original IDIQ ceiling 15 months following the first full-rate production order in 2021 illustrates the excellent rate of adoption of the AN/PRC-167, which is currently fielded by U.S. Special Operations Forces,” said Chris Aebli, President, Tactical Communications, L3Harris. “The success of this program, and our long-standing relationships with USSOCOM, demonstrates L3Harris’ ability to take on the challenges faced by SOF operators and their platforms. We’re delivering solutions that provide more capability and resilience than any other systems.”
To date, USSOCOM and L3Harris have produced more than 20,000 NGTC systems, which includes the AN/PRC-167 manpack and AN/PRC-163 handheld, to connect and empower SOF throughout their missions.
L3Harris’ extensive library of waveforms extends the United States’ advantage via software updates for future capabilities and resilient waveforms. The waveforms provide comprehensive interoperability with U.S. and global partners. Software updates for emerging capabilities will provide and maintain true resilience against threats from peer adversaries.
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 technology capabilities or about an expected number of radios to be purchased 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.
LHX announced a $297 million increase in its IDIQ contract ceiling with USSOCOM, raising it from $255 million to $552 million.
How many AN/PRC-167 systems has L3Harris produced?
L3Harris has produced over 20,000 AN/PRC-167 radio systems to date.
What are the implications of the contract increase for L3Harris?
The contract increase signifies a strong demand for advanced communication systems, enhancing L3Harris' position in defense technology.
How does L3Harris ensure communication resilience?
L3Harris enhances communication resilience through software updates that provide advanced capabilities and interoperability with U.S. and global partners.
