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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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