L3Harris Wins Potential $281M Contract to Build Navy Medium USV

L3Harris Technologies (NYSE: LHX) has won a potential seven-year, $281.4M contract to design and fabricate a medium unmanned surface vehicle for the U.S. Navy's electronic warfare and intelligence, surveillance and reconnaissance missions.

The fixed-price-incentive-firm-target contract, which has a $35M base value, includes options for the company to build an additional eight MUSVs that would extend work through June 2027, the Department of Defense said Monday.

Work will also include engineering, logistics and technical assistance services.

In a separate announcement, Naval Sea Systems Command said the MUSV is meant to function as a pier-launched, open-architecture autonomous platform that will support the processing and dissemination of situational awareness data.

The service will obligate the full amount of the base contract at the time of award and expects the company to deliver the first prototype in early FY 2023.

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