L3Harris Technologies secures $939.6 million Navy contract for radio systems

Investing.com -- L3Harris Technologies Inc. (NYSE: LHX) has been awarded a contract worth up to $939.6 million by the U.S. Navy for development and production of Multifunctional Information Distribution System (MIDS) radio systems.

The indefinite-delivery/indefinite-quantity contract covers development, production, sustainment, and systems engineering of the Weapon Data Link Small-Form-Factor Weapons Attritable Radio Multi-Mode Family 2 radio, according to the Department of Defense announcement.

Initial funding of $42.1 million will be obligated at the time of award, including $22.3 million from Navy weapons procurement and $19.9 million from Air Force missile procurement funds for fiscal year 2025.

Work will be divided equally between Salt Lake City, Utah, and Carlsbad, California, with the contract running through September 2030. The Naval Information Warfare System Command in San Diego is overseeing the contract, which was awarded after a competitive process that received two proposals.

In addition, L3 Technologies Inc. received a $17.7 million modification to an existing contract for redesigning modernized radio systems to address parts obsolescence. This work will be performed in San Diego and is expected to be completed by February 2031.

The company also secured a $26.4 million contract from the U.S. Space Force for Space Hub Integrated End Cryptographic Unit development. This work will be performed in Camden, New Jersey, with completion expected by September 2030.

In a separate award, L3 Aviation Products Inc. received a $10.5 million contract for C-130 aircraft electronic flight instrument and radar display unit repair and maintenance. This work will be conducted in Alpharetta, Georgia, with completion expected by September 2031.

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