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L3Harris Technologies (NYSE: LHX) will produce 4,343 units of handheld, manpack and small form fit radios for the U.S. Army under a purchase order worth $196 million. The service branch placed the order under a potential 10-year, $12.7 billion Joint Tactical Radio System contract awarded to Harris, now L3Harris, and two other vendors in 2016,...
L3Harris Technologies (NYSE: LHX) has received a $29 million contract to design an overhead persistent infrared sensor payload for the U.S. Space Force’s future missile warning satellite network. The company will conduct an initial one-year OPIR sensor payload design for the first increment of Space Systems Command’s medium-Earth orbit c...
A new McAleese & Associates report estimates most defense prime contractors recorded a 3 percent growth in sales during the first quarter of 2023, indicating that labor availability is improving and supply chain deliveries are starting to stabilize. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an an...
The U.S. Air Force has awarded L3Harris Technologies (NYSE: LHX) a potential $80.8 million contract to build and conduct experiments to test satellite communications systems designed to operate with space-based internet constellations operating in geostationary, medium and low-Earth orbits. Contract work will occur in Salt Lake City under the Defens...
Austal USA will lead an industry team to design and build a maximum of seven ocean surveillance vessels for the U.S. Navy under a potential $3.2 billion contract. Naval Sea Systems Command received two bids for the T-AGOS detail design and construction project and the service branch will obligate $113.9 million at the time of...
The U.S. Marine Corps ordered $160 million worth of Falcon IV multichannel handheld and manpack radios from L3Harris Technologies (NYSE: LHX). L3Harris said Wednesday the orders are part of the potential 10-year, $750 million indefinite-delivery/indefinite-quantity contract the company won in early 2022. The Falcon IV radio system features L3Harris&...
L3Harris Technologies (NYSE: LHX) has received a five-year, $275.2 million contract to help the National Oceanic and Atmospheric Administration update and maintain ground infrastructure for the Geostationary Operational Environmental Satellites-R Series constellation. The company will provide sustainment support to a system that receives data from G...
L3Harris Technologies (NYSE: LHX) posted $4.5 billion in revenue for the first quarter of 2023, up 9 percent from the prior-year period, driven by sales growth across its three business segments. The company said Thursday profit for the quarter was $339 million, compared to the $475 million a year ago and earnings were $1.76 per...
John Tierney, an L3Harris Technologies (NYSE: LHX) veteran, has assumed the role of VP and general manager of the surface and C5 systems segment newly established under the company’s integrated mission systems business. He will be in charge of leading a global team that provides autonomous surface vessels, integrated command, control, compute...
L3Harris Technologies (NYSE: LHX) has booked a potential five-year, $141.8 million contract from the U.S. Navy to manufacture common data link terminals for installation on surface combatant ships. The service branch obligated $16 million at the time of award to procure Hawklink AN/SRQ-4 radio terminal sets, the Department of Defense said Friday. Un...
