L3Harris Technologies Awarded Four Additional Payload Mission Data Units for GPS III Follow-on Contract

MELBOURNE, Fla. - L3Harris Technologies (NYSE:LHX) has received contracts totaling $137 million for four navigation payload Mission Data Units (MDU) for future GPS III Follow-on (GPS IIIF) satellites.

Lockheed Martin, the prime contractor for GPS III/IIIF, selected L3Harris in 2018 to design and build the first two fully-digital MDUs, the heart of the satellite's navigation payload. The MDU generates more powerful GPS signals and assures clock operations for GPS users.

The digital MDU is flexible enough to adapt to advances in GPS technology and future changes in mission needs, said Ed Zoiss, President, Space and Airborne Systems, L3Harris. The new MDU will also support a smooth transition for the U.S. Space Force's GPS OCX ground control segment.

The U.S. Space Force expects the first GPS IIIF satellite, which builds on GPS III adding new capabilities and technology, to be available for launch in 2026. The GPS IIIF MDU will provide improved capabilities over L3Harris' 70-percent-digital MDU on the first ten GPS III satellites. The first four GPS III satellites have successfully launched and are now operational in the GPS constellation.

L3Harris has provided navigation technology for every U.S. GPS satellite ever launched. This technology enables the reliable GPS signal that millions of people - including U.S. service members - and businesses depend on every day.

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 system capabilities, payload capabilities and future payload deliveries are forward-looking and involve risk and uncertainties. Harris 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/2021/02/l3harris-techn...
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