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L3Harris Awarded $117 Million Space Object-Tracking Modernization Contract

By: L3Harris Technologies via Business Wire

April 06, 2022 at 11:00 AM EDT

Highlights:

Supports US Space Force efforts to protect satellites
Maintains and upgrades space domain awareness and command and control systems
Third-year option continues work first awarded in 2020

L3Harris Technologies (NYSE: LHX) has been awarded $117 million for option-year three of a U.S. Space Force and U.S. Space Command contract to continue maintaining and modernizing 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 that provide timely, accurate space domain awareness data for military, civil and commercial users.

“Better understanding the behavior of objects in space is critical to warfighting operations,” said Ed Zoiss, President, L3Harris Space and Airborne Systems. “Our modernization initiatives enable the U.S. Space Force to better understand threats to satellites.”

L3Harris space superiority capabilities and differentiated technology provide the foundation for space domain control, protecting assets and preserving strategic advantages. A trusted partner of the Space Force and other agencies, L3Harris has served the space superiority mission for more than 30 years.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. L3Harris has more than $17 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.

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 or about system or technology capabilities 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.