US Navy Awards L3Harris Nearly $1 Billion IDIQ Contract

L3Harris Technologies (NYSE:LHX) has received an indefinite delivery, indefinite quantity award from the U.S. Navy, worth up to $999 million, to provide U.S. and coalition forces with resilient communications technology.

Over the next five years, L3Harris will deliver its Multifunctional Information Distribution System Joint Tactical Radio System Terminals (MIDS JTRS). L3Harris is one of two providers of the MIDS JTRS solution, which is a critical, software-defined Link 16 resilient communication radio for a variety of air, ground and maritime platforms.

"The current threat environment requires the United States and its coalition partners collaborating together, in real time, to stamp out adversarial aggression near ally and partner sovereign borders," said Christopher E. Kubasik, Chair and CEO, L3Harris. "Our resilient technology ensures all users in these coalitions know where friendly forces are and what they are doing to inform a common operating picture and achieve mission success."

Link 16 is a fully interoperable multi-domain network that provides assured communications, situational awareness, command and control and targeting information to coalition forces around the world. L3Harris completed its acquisition of the Link 16 Tactical Data Links product line in January 2023. In addition to MIDS JTRS, L3Harris offers a full line of resilient communication devices and systems to provide access to Link 16 from virtually every platform in air, on land or at sea – with efforts underway to expand the capability to space-borne assets.

The contract continues the company's 24 previous years of support delivering a standard communications interoperability solution to all U.S. armed services and 57 allied nations.

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 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/20241125575835/en/