L3Harris Technologies Inc - LHX STOCK NEWS

L3Harris Technologies (NYSE:LHX) celebrates a century of supporting the UK's defence and security by signing the Armed Forces Covenant. This covenant demonstrates the company's commitment to veterans and military personnel, providing career development and educational support. L3Harris also pledged £20,000 to Combat Stress and offers scholarships for pilot training. With 1,500 employees across 14 locations in the UK, L3Harris continues to invest in local capabilities, including $200 million in facilities for tactical radio communications and aviation training.

L3Harris Technologies (NYSE: LHX) has secured a significant 10-year, $85-million contract from the U.S. Air Force to produce up to 170 T7™ robots, which will replace the outdated EOD systems. The contract includes support and maintenance, with first deliveries anticipated in 2022. This award solidifies L3Harris' position as a leading supplier of large explosive ordnance disposal robots, following its successful implementation of a similar project for the UK Ministry of Defence.

L3Harris Technologies (NYSE:LHX) has formed a coalition with five international defense companies to pursue the Alliance Future Surveillance and Control (AFSC) program for NATO, aiming to enhance military capabilities by replacing its Airborne Warning and Control System by 2035. The partnership emphasizes a platform-agnostic approach, focusing on multi-domain surveillance and control capabilities. This initiative follows a previous High Level Technical Concept study delivered to NATO, highlighting the team's commitment to innovation and collaboration for national defense.

L3Harris Technologies (NYSE: LHX) launched the Hawkeye 4 Lite, a portable satellite communications terminal designed for rapid deployment and maneuverability in complex environments. Weighing less than previous models, it provides high-speed data communications for C5ISR, Internet, and video transmission. This innovation reflects L3Harris' commitment to enhancing decision-making capabilities for warfighters. The terminal includes advanced technologies such as Viewsat-E GUI and GATEKEEPER™, ensuring efficient operation in the field.

L3Harris Technologies has been awarded a contract worth $343 million to modernize Airservices Australia's telecommunications network. This 10-year project includes designing voice and data networking, VHF radio communications, and ADS-B surveillance. The initial planning phase will involve collaboration with various partners, including NTT Australia and Thales Australia, to enhance air navigation services. This contract underscores L3Harris's extensive experience in delivering secure and reliable aviation communications globally.

Communications & Power Industries (CPI) has signed a definitive agreement to acquire L3 ESSCO, a leader in manufacturing metal space frame ground radomes from L3Harris Technologies (NYSE: LHX). The acquisition is set to enhance CPI's capabilities in the defense and government sectors, enabling the development of larger radomes crafted from alternative materials. The deal, expected to close by the end of 2021, aims to combine CPI's expertise in airborne and shipboard radomes with ESSCO's advanced technology, thereby broadening CPI's product portfolio.

L3Harris Technologies (NYSE:LHX) is enhancing its Melbourne, Florida satellite production facility to include advanced unclassified satellite capabilities for national defense. The facility, spanning over 100,000 square feet, will enable the development and testing of the Navigation Technology Satellite-3 (NTS-3) and other small-to-medium responsive satellites for urgent Department of Defense missions. Recent upgrades allow the production of multiple satellites monthly, aiming for an output of six satellites by year-end. Currently, eight satellites are operational, with ten in development.

L3Harris Technologies (NYSE:LHX) has secured a 5-year, $96 million contract from the U.S. Special Operations Command for WESCAM MX™ sensor systems. This contract aims to enhance the U.S. Army Special Operations Aviation Command's sensor capabilities. The WESCAM MX-10D and MX-15D systems will provide advanced multi-spectral imaging for various aircraft. This win is notable as it follows a previous $454 million contract with the U.S. Army for the Tactical Unmanned Air Systems Shadow UAV program, solidifying L3Harris' position in military aviation technology.

L3Harris Technologies (NYSE:LHX) has received a $393 million contract from the U.S. Navy to implement Increments II and III of the Undersea Warfare Training Range (USWTR). This contract follows nearly a decade of work on Increment I, which involved the installation of systems in a 500-square-nautical-mile area near Jacksonville, Florida. The new increments will enhance sites in Hawaii, the Bahamas, and Southern California, enabling naval forces to improve anti-submarine warfare training through advanced undersea technologies.