L3Harris Technologies (NYSE: LHX) has been awarded a follow-on production contract valued up to $200 million to manufacture Guided Multiple Launch Rocket System (GMLRS) Insensitive Munition (IM) propulsion units.

The GMLRS IM contract will be the first order processed through L3Harris’ newly constructed facility in Camden, Arkansas, which was funded through the Defense Production Act Title III cooperative agreement and enables annual production capacity to increase by more than 30%.

“This GMLRS IM contract demonstrates L3Harris’ expertise in missile propulsion technology and its commitment to delivering high-performance, reliable propulsion solutions for military operations,” said Scott Alexander, President, Missile Solutions, Aerojet Rocketdyne, L3Harris. “L3Harris and Department of War investments in expanding capacity and modernizing solid rocket motor production are bearing fruit, ensuring L3Harris continues delivering critical propulsion capability at scale and at speed to the U.S. and its allies.”

L3Harris has produced GMLRS propulsion units for decades. Leveraging its experience and advanced manufacturing techniques, the company has increased GMLRS output by nearly 80%, improving delivery quantities and reliability.

L3Harris will speed up production and deliver on the increased demand with its new 60,000 square-foot GMLRS facility for energetics in Camden, Arkansas, and the inert component production taking place at the company’s Advanced Manufacturing Facility-South facility in Huntsville, Alabama.

This award represents the largest GMLRS IM contract L3Harris has received from Lockheed Martin for a 12-month period of performance.

About L3Harris Technologies

L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about order values and production speed are forward-looking and involve risks and uncertainties related to indefinite order quantities, among other things. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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