L3Harris Receives Radio Production Orders Worth $235 Million Under US Army's HMS Contract

ROCHESTER, N.Y. - L3Harris Technologies (NYSE:LHX) announced receipt today of two production orders totaling $235 million to provide leader and manpack radios for the U.S. Army.

The AN/PRC-163 Leader and AN/PRC-158 Manpack radios are part of the U.S. Army's Handheld, Manpack & Small Form Fit (HMS) program. These second, full-rate production orders deliver multi-mission networking capability for warfighters in the field.

The radios we will deliver under these two orders provide our soldiers with a resilient network, enabling integrated soldier systems and vehicular on-the-move communications, said Dana Mehnert, President, Communication Systems, L3Harris. The true software-defined architecture also facilitates the porting of future waveform requirements enabling spectral dominance against peer adversaries.

The industry's most flexible cryptography-modernization-compliant radio, the two-channel L3Harris AN/PRC-158 radio leverages a software-defined architecture and integrated cross-banding between waveforms to provide advanced capabilities while maintaining backward interoperability with legacy systems. The AN/PRC-158 also includes Mobile User Objective System-ready hardware for satellite communications connectivity while on the move.

The AN/PRC-163 radio enables soldiers to share information up and down the chain of command, integrating voice and data across the Army's integrated tactical network and with partner nations.

The Army expects to purchase more than 165,000 HMS radios under the indefinite delivery, indefinite quantity contracts, which include a five-year base and an additional five-year option, with a ceiling of more than $16 billion. More than 60,000 AN/PRC-163 and AN/PRC-158 radios provide secure, resilient and interoperable communications capabilities for over 20 allied nations around the world.

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 approximately $17 billion in annual revenue and 47,000 employees, with customers in more than 100 countries.

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 radio capabilities and contract and order values 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/2022/10/l3harris-recei...
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