L3Harris Secures $750M IDIQ Contract From US Marine Corps

L3Harris Technologies Inc LHX has secured a competitive 10-year, $750 million single-award IDIQ contract from the U.S. Marine Corps for multi-channel handheld and vehicular radio systems.
The L3Harris Falcon IV family of manpack and handheld radios selected by the USMC have been broadly adopted by the U.S. Army, U.S. Special Operations Command, U.S. Air Force, and a growing number of key allies to provide secure, resilient, and interoperable communications capabilities.
These Multi-Channel Radios provide true resilience against peer adversary threats, key for Force Design 2030 and JADC2.
Price Action: LHX shares closed lower by 2.86% at $216.27 on Thursday.