Space Development Agency Awards L3Harris $919 Million Contract to Build Satellites for Missile Tracking Program

MELBOURNE, Fla., Jan. 16, 2024 - L3Harris Technologies (NYSE:LHX) received a contract with a potential value of up to $919 million to design and build 18 infrared space vehicles for the Space Development Agency's (SDA) Tranche 2 (T2) Tracking Layer program that will provide near-global missile warning and tracking coverage.

Space remains a growth engine, and we are well positioned to provide innovative solutions after having made significant investments in technology for space vehicles, payloads and ground software, said Christopher E. Kubasik, Chair and CEO, L3Harris. The SDA's latest decision is another example of L3Harris listening to customers, knowing the threats and delivering value for stakeholders while supporting our country.

L3Harris designed the missile defense solutions to support the U.S. military's ongoing effort to build a robust constellation of satellites to protect against a new generation of hypersonic weapons that have increased speed, unpredictable flight trajectories and faint heat signatures.

The company's technology will also support preliminary fire control capability for the SDA's Proliferated Warfighter Space Architecture (PWSA).

In advance of this T2 Tracking Layer program win, L3Harris designed, developed and built four satellites in less than three years for the SDA's Tranche 0 (T0) Tracking Layer program. Those T0 satellites will launch together with the U.S. Missile Defense Agency's Hypersonic and Ballistic Tracking Space Sensor (HBTSS) satellite. With an anticipated launch in early 2024, the DoD will be able to warn, track and target advanced threats concurrently by launching the T0 and HBTSS satellites together.

L3Harris is also building a 16-vehicle satellite constellation for SDA's Tranche 1 Tracking Layer program, which follows the T0 Tracking Layer capabilities with targeted technology enhancements, expanded coverage, increased integration and greater production efficiencies, which will begin to build out the operational space-based constellation and be used to inform future capabilities of the PWSA.

About L3Harris Technologies

L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.

Forward-Looking Statements

This press release contains forward-looking statements that reflect managements 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 deliveries and launches as well as 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.

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LINK:	https://www.l3harris.com/newsroom/press-release/2024/01/space-developm...
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