- L3Harris Technologies Inc LHX has secured a contract with a potential value of $700 million to build the Space Development Agency’s (SDA) Tranche 1 Tracking Layer satellite program.
- 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.
- The contract addresses the hypersonic missile threat in support of the multi-layer National Defense Space Architecture.
- L3Harris developed four prototype satellites under the SDA’s Tracking Layer Tranche 0 award in 2020 that will launch in 2023.
- Price Action: LHX shares are trading lower by 0.68% at $222.35 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
