ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Space Development Agency Awards L3Harris $843 Million Contract for Tracking Layer Satellites

L3Harris Technologies (NYSE: LHX) has received a contract from the Space Development Agency (SDA) to build 18 infrared satellites for the Tranche 3 (T3) Tracking Layer. The contract, valued up to $843 million, includes ground software, operations and sustainment functions.

These tracking layer satellites will enhance the SDA Proliferated Warfighter Space Architecture (PWSA) constellation, which is designed to protect the United States from advanced missile threats, such as hypersonic missiles.

“L3Harris is proud to support SDA in its mission to deliver a next generation, layered defense architecture that can track threats in real time,” said Christopher Kubasik, Chair and CEO, L3Harris. “Defeating the hypersonic missile threat begins in space, and our Tranche 3 satellites will advance our proven, on-orbit tracking and targeting capability needed to protect our homeland.”

The L3Harris Tranche 3 Tracking Layer solution will provide higher resolution infrared sensing, advanced on-orbit data processing and real-time detection algorithms that will enable advanced missile tracking detection. Once on orbit, the satellites will integrate with the SDA PWSA to deliver broader coverage and enhanced direct-to-warfighter connectivity.

L3Harris is supporting SDA’s Tracking Layer across all existing tranches of the PWSA. The company currently has four missile tracking satellites on orbit for Tranche 0 and another 34 satellites in development across Tranche 1 and Tranche 2.

L3Harris produces a range of proven technologies that could further enable a missile shield for America, including advanced space satellites, datalinks, multi-domain ISR, precision fire-control sensing, and propulsion and control systems for interceptors.

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 the value or expected value of orders, contracts or programs are forward-looking and involve risks and uncertainties. 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.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  228.44
+1.09 (0.48%)
AAPL  270.88
-2.79 (-1.02%)
AMD  214.58
+1.15 (0.54%)
BAC  55.88
+0.61 (1.11%)
GOOG  310.61
+2.00 (0.65%)
META  660.20
+1.43 (0.22%)
MSFT  485.89
-0.03 (-0.01%)
NVDA  183.53
+2.53 (1.40%)
ORCL  198.36
+6.39 (3.33%)
TSLA  493.41
+12.21 (2.54%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.