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Benzinga
Benzinga
Business
Akanksha Bakshi

L3Harris Bags $117M Space Object-Tracking Modernization Contract

L3Harris LHX L3Harris Technologies Inc NYSE
  • L3Harris Technologies Inc (NYSE:LHX) has secured $117 million for option-year three of a U.S. Space Force and U.S. Space Command contract to maintain and modernize infrastructure to track objects in space.
  • The Maintenance Of Space Situational Awareness Integrated Capabilities (MOSSAIC) program has an estimated contract value of $1.2 billion over 10 years.
  • L3Harris won the initial MOSSAIC contract in February 2020 to maintain and upgrade radar and optical sensors and command and control systems.
  • L3Harris' space superiority capabilities and differentiated technology provide the foundation for space domain control, protecting assets, and preserving strategic advantages.
  • Price Action: LHX shares are trading higher by 1.01% at $259.03 on the last check Wednesday.
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