L3Harris Secures $700 Million Advanced Missile Tracking Space Development Agency Program

L3Harris Technologies (NYSE:LHX) has secured a contract valued at $700 million to build the Space Development Agency's Tranche 1 Tracking Layer satellite program.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Highlights:

• Affirms L3Harris as trusted prime to provide networked missile-tracking solutions
• Includes 14-vehicle satellite constellation as well as supporting ground operations and equipment
• Addresses hypersonic missile threat in support of multi-layer National Defense Space Architecture

MELBOURNE, Fla.--(BUSINESS WIRE)-- L3Harris Technologies (NYSE:LHX) has been awarded a contract to build the Space Development Agency’s (SDA) Tranche 1 Tracking Layer satellite program to serve as “eyes in the sky” detecting, identifying and tracking advanced missile threats. The contract has a potential total value of $700 million.

“Investing in resilient space assets and acting as a Trusted Disruptor in this market are core to our long-term strategy,” said Christopher E. Kubasik, Chair and Chief Executive Officer. “Our customers have been clear; missile defense technology and space domain awareness architecture must be diversified, and our teams are positioned to deliver those cutting edge solutions.”

L3Harris will build a 14-vehicle satellite constellation that will include optical communications terminals, infrared mission payloads, Ka-band communications payloads and multiple pointing modes – advanced technology specifically designed to identify and track the fastest missiles known to exist. The program also includes related ground, operations and sustainment support.

“Flowing from our values as an organization prioritizing schedule, then cost, the Tranche 1 Tracking Layer went from solicitation to award in approximately 120 days and continues to demonstrate the Space Development Agency’s ability to acquire capabilities at speed,” said SDA director, Derek Tournear. “We look forward to collaborating with our industry partners to quickly deliver missile warning/missile tracking capabilities as part of the Department of Defense hybrid architecture that will provide critical and timely information to the joint warfighter in the very near future.”

L3Harris developed four prototype satellites under the SDA’s Tracking Layer Tranche 0 award in 2020. The four space vehicles produced under the $193 million firm fixed-price contract will launch in 2023.

“L3Harris is successfully executing SDA’s foundational Tracking Layer Tranche 0 program, which set their strategic way forward for rapidly deploying relevant mission capabilities to our nation’s warfighters,” said Kelle Wendling, President, Space Systems, L3Harris. “This Tranche 1 win demonstrates our ability to nimbly scale from initial demonstration to proliferation with enhanced mission capability, resilience, global coverage, and speed to deployment as threats continue to evolve.”

As part of an ongoing commitment to prime contracts in space-based missions for multiple customers in domains such as missile defense, weather, science, imaging, and radio frequency, L3Harris has prioritized significant investments in spacecraft, payloads, ground software and advanced algorithms to enable innovative end-to-end mission solutions.

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 more than $17 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 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/20220718005166/en/

Irene Lockwood
Space and Airborne Systems
Irene.Lockwood@L3Harris.com
585-465-3592

Jim Burke
Corporate
Jim.Burke@L3Harris.com
321-727-9131

Source: L3Harris Technologies