L3Harris Technologies Awarded Contract for Three Canadian Special Mission Aircraft

MELBOURNE, Fla. - L3Harris Technologies (NYSE:LHX) has been awarded a firm-fixed price contract to missionize three new King Air 350ER aircraft for the Canadian manned airborne intelligence, surveillance and reconnaissance (CMAISR) project. The aircraft will be delivered to the Canadian Department of National Defence (DND) as a Foreign Military Sale managed by the U.S. Army, Program Executive Office (PEO) Aviation, Fixed Wing Project Office.

The CMAISR project will provide the DND with a rapidly deployable, airborne intelligence, surveillance and reconnaissance capability for its deployed operations, ensuring an innovative, flexible and interoperable force. The aircraft will feature a suite of L3Harris systems, including full-motion video sensors, a mission management system and communication datalinks. The capability upgrades offer increased threat indications and warning, as well as high-accuracy target detection and location.

Our L3Harris team is ready to combine our ISR, missionization and modification solutions to deliver a system that will enhance the capabilities and security of Canada and its allies, said Sean Stackley, President, Integrated Mission Systems, L3Harris. L3Harris has the distinction of successfully delivering more certified, special mission King Airs on-time and on-budget than any other contractor in the world, and we look forward to maintaining that tradition.

Modification will include sensors integration, secure communications and navigation systems, as well as pilot, operator and maintenance training. L3Harris will complete the modifications at its facility in Greenville, Texas, supported by the company's facility in Mirabel (Quebec), Canada.

The contract was awarded via the Other Transaction Authority competitive procurement process.

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 and about 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/2020/10/l3harris-techn...
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