Receive instant notifications when news comes out of your shares. Request your one-week free trial at StreetInsider Premium here.
The $ 200 million orders are a key stage in the production of the army radio program HMS
Provides key components of the Army’s Integrated Tactical Network
Delivers multi-channel portable radios and battlefield radios
ROCHESTER, NY- (BUSINESS LIVE) -L3Harris Technologies (NYSE: LHX) has received full production orders for the U.S. Army’s HMS (Handheld, Manpack & Small Form-Fit) program, which provides advanced multi-channel communication for many missions for the Integrated Tactical Network.
Army awards L3Harris more than $ 200 million for multi-channel software-defined Falcon IV® AN / PRC-163 Leader handheld radios and AN / PRC-158 radios this will increase the effectiveness of fighter jets through activation and multimedia networking capabilities. The radio stations also fully support the army’s unified networking strategy, which will allow flexibility to upgrade waveforms with the advent of new technologies.
“The transition to full-speed production is a big step forward for the U.S. military in deploying their new integrated tactical network, and we are honored to support them with tactical radio solutions that make ITN possible,” said Dana Menert, president, Communications Systems. , L3Haris. “Our ongoing performance HMS and ENVG-B The program are the latest examples of how L3Harris supports the US military’s key priorities for its unified network and raising situational awareness, mobility, survival and lethality for our soldiers. ”
The Army’s indefinite quantity contracts for the Leader and manpack portable radios include a 5-year base and an additional 5-year option, with a ceiling of more than $ 16 billion. The military expects to purchase approximately 100,000 two-channel Leader radios and 65,000 HMS Manpack radios.
For L3Harris Technologies
L3Harris Technologies is an agile global innovator in aerospace and defense technology, providing end-to-end solutions that meet critical customer needs. The company provides advanced defense and commercial technologies in the air, land, sea, space and cyber domains. L3Harris has approximately $ 18 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.
This press release contains forward-looking statements that reflect current expectations, assumptions and estimates of future performance and economic conditions of management. Such statements shall be made in accordance with the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21F of the Securities Exchange Act of 1934. The Company warns 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 issues expressed or implied by such forward-looking statements. Declarations of the value or expected value of orders, contracts or programs, of system or technological capabilities or of the expected number of radio stations to be purchased 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.
Source: L3Harris Technologies