L3Harris Secures $85M Contract From US Air Force

by Akanksha Bakshi, Benzinga Editor
September 14, 2021 1:13 PM | 29 seconds read |
  • The U.S. Air Force has selected L3Harris Technologies Inc LHX robots to help protect its bases worldwide.
  • The Air Force awarded L3Harris a 10-year, $85-million, IDIQ contract to produce up to 170 T7 robots to replace its existing 20-year-old Explosive Ordnance Disposal (EOD) system mitigates explosive threats at bases. 
  • The contract includes robots, robotics support, maintenance, and training, with initial deliveries planned for 2022.
  • Price Action: LHX shares are trading lower by 0.68% at $226.97 on the last check Tuesday.
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