L3Harris Technologies Awarded Third LRIP Order on US Army's Two-Channel Leader Radio Contract

ROCHESTER, N.Y. - L3Harris Technologies (NYSE:LHX) has received a $57 million competitive award for its Falcon IV AN/PRC-163 two-channel handheld radios, along with related equipment and services, as part of the U.S. Army's two-channel Leader radio IDIQ contract. Delivery is expected to begin in early 2021.

The versatile AN/PRC-163 enables warfighters to share information up and down the chain of command, integrating voice and data across the Army's Integrated Tactical Network (ITN). The radio enables robust command and control by integrating seamlessly into soldier systems such as the Army's Nett Warrior and Enhanced Night Vision Goggle - Binocular (ENVG-B) programs.

A key component of the ITN, the AN/PRC-163 delivers advanced networking and wideband and narrowband satellite communications in a compact form factor. It can simultaneously communicate over multiple channels and crossband between them, offering up and down echelon connectivity. It is capable of satellite communications, mobile ad-hoc networking (MANET) waveforms and the Army's SINCGARS waveform. It also offers a path to future software-only updates for SATCOM, SATURN and other anti-jam and resilient waveforms.

The AN/PRC-163 is the most capable handheld radio in the market. It provides warfighters with a broad range of secure interoperable communications capabilities today and the ability to host resilient waveforms required to address evolving future requirements, said Dana Mehnert, President, Communication Systems, L3Harris.

This is the third Low Rate Initial Production (LRIP) order for L3Harris after two previous delivery orders on this contract. The IDIQ contract includes a 5-year base and an additional 5-year option, with a ceiling of $3.9 billion. The Army expects to purchase approximately 100,000 two-channel Leader Radios under the IDIQ.

The award further extends L3Harris' leadership in software-defined tactical communications and builds upon the company's proven ability to engineer and deliver advanced two-channel handheld, manpack and vehicular radios. L3Harris previously was awarded contracts by the U.S. Special Operations Command for next-generation handheld and manpack radios and was awarded a position on the Army's HMS Manpack IDIQ for its two-channel AN/PRC-158 manpack radio.

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 air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.

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, about system or technology capabilities or about an expected number of radios to be purchased 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/2020/12/l3harris-techn...
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