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Share Name | Share Symbol | Market | Type |
---|---|---|---|
L3Harris Technologies Inc | NYSE:LHX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
2.91 | 1.38% | 213.55 | 215.22 | 209.99 | 211.12 | 1,508,676 | 01:00:00 |
L3Harris Technologies (NYSE:LHX) has received a five-year contract, worth up to $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy’s Aerial Electronic Attack capability.
The Next Generation Jammer – Low Band (NGJ-LB) is an advanced airborne electronic warfare system. L3Harris’ solution consolidates advanced processing with increased jamming capability and will be easier to maintain than the Navy’s current system through a modular, open-system architecture that enables seamless upgrades. The L3Harris system will operate with joint and allied forces to provide growth capacity for future technology integration to stay ahead of adversarial capabilities.
“Our Next Generation Jammer – Low Band solution provides the U.S. Navy with the latest digital, software-based technologies to address advanced and emerging threats from peer adversaries,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “L3Harris is proud to support the Navy’s efforts to extend U.S. air superiority and operate seamlessly with coalition forces.”
The company will deliver eight operational prototype pods to U.S. Naval Air Systems Command for fleet assessment and additional test assets for airworthiness and design verification over the next five years. The NGJ-LB pods will fly on the EA-18G Growler and will support the Navy’s plan to replace the aging AN/ALQ-99 Tactical Jamming System.
About L3Harris Technologies
L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
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 and about our system capabilities 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/20240912852315/en/
Jason Simpson Communication Systems Jason.Simpson01@L3Harris.com 603-400-9285
Sara Banda Corporate Media@L3Harris.com 321-306-8927
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