L3Harris Awarded $104M Navy Equipment, Engineering Support Contract Modification

L3Harris Technologies (NYSE: LHX) has received a potential four-year, $104.5 million contract modification to continue providing engineering services, naval equipment and related components to the U.S. Navy.

The modification has a base value of approximately $45.8 million that will run through July 2025, the Department of Defense said Tuesday.

Work will occur in Maryland, New York and Rhode Island and could extend through September 2026 if all options are exercised.

Naval Sea Systems Command is the contracting activity and will obligate funding using other procurement funds for fiscal year 2022 and shipbuilding and conversion for FY 2020 and 2021.

The service branch issued the modification under a contract awarded in September 2016 that calls for the contractor to develop and produce the TB-29X towed array passive sonar receiver for installation on submarines.

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