US Marine Corps Awards L3Harris $750 Million IDIQ Contract for Multi-Channel Radios

Rhea-AI Summary

L3Harris Technologies has secured a 10-year, $750 million contract from the U.S. Marine Corps for multi-channel handheld and vehicular radio systems. The Falcon IV radios will enhance interoperability across U.S. defense branches and allies, contributing to Force Design 2030 and Joint All-Domain Command and Control (JADC2). These innovative radios provide secure communications against adversary threats, with flexible architecture for evolving needs. This continues L3Harris's successful collaboration with the Marines in delivering essential communication solutions.

Positive

• Secured a 10-year, $750 million contract from the U.S. Marine Corps.
• Extends partnership with U.S. Marines for battle-proven communications.
• Enhances interoperability across U.S. DoD and allies.

Negative

• None.

Highlights:

• Enables interoperability across U.S. DoD, Special Operations Command and key allies
• Provides true resilience against peer adversary threats, key for Force Design 2030 and JADC2
• Further extends successful partnership with Marines of delivering battle-proven communications

ROCHESTER, N.Y.--(BUSINESS WIRE)-- The U.S. Marine Corps has awarded L3Harris Technologies (NYSE:LHX) a competitive 10-year, $750 million single-award IDIQ contract for multi-channel handheld and vehicular radio systems.

The L3Harris Falcon IV^® family of manpack and handheld radios selected by the USMC have been broadly adopted by the U.S. Army, U.S. Special Operations Command, U.S. Air Force and a growing number of key allies to provide secure, resilient and interoperable communications capabilities.

The AN/PRC-163 is the most advanced hand radio available in the world today. Providing a wide range of secure communications waveforms – while simultaneously integrating voice and data communications, network routing, and gateway functions – the radios offer true resilience against peer adversary threats, which is critical to achieving the Marine Corps’ vision for Force Design 2030 and enabling Joint All-Domain Command and Control (JADC2). In addition, the flexible software-defined architecture enables Marines to quickly add new waveforms and enhanced capabilities to address evolving requirements.

“This latest award extends our long and successful partnership with the Marines – we are committed to delivering and supporting battle-proven radios that provide secure and resilient communications to meet their unique mission needs,” said Chris Aebli, President, Tactical Communications, L3Harris. “Our leadership in software-defined communications architecture enables L3Harris to deliver enduring value while consistently meeting rigorous requirements for performance, size, weight and power, and security ­­— including the NSA crypto-modernization standards.”

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 approximately $18 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127006108/en/

Natalie Ciao

Communication Systems

Natalie.Ciao@L3Harris.com

585-500-2394

Jim Burke

Media Relations

Jim.Burke@L3Harris.com

321-727-9131

Source: L3Harris Technologies

FAQ

What is the value of the contract awarded to L3Harris Technologies by the U.S. Marine Corps?

L3Harris Technologies was awarded a $750 million contract by the U.S. Marine Corps.

What systems will L3Harris provide under the new U.S. Marine Corps contract?

L3Harris will provide multi-channel handheld and vehicular radio systems.

What is the significance of the Falcon IV radios for the U.S. Marine Corps?

The Falcon IV radios enhance secure, resilient communications and interoperability, crucial for Force Design 2030 and JADC2.

How does the new contract impact L3Harris Technologies' business prospects?

The contract enhances L3Harris's revenue stream and strengthens its position in military communications.

What advantages do the AN/PRC-163 radios offer?

The AN/PRC-163 radios provide advanced secure communications, integrating voice, data, and network routing, essential for modern military operations.