US Army Awards L3Harris Up To $871 Million IDIQ Contract for Fuzes

MELBOURNE, Fla., June 25, 2024 - L3Harris Technologies (NYSE:LHX) has received a new U.S. Army contract worth up to $871 million to deliver fuzes that will support U.S., ally and partner missions.

This contract demonstrates our significant contribution to replenishing our nation's critical munitions inventory, said Jon Rambeau, President, Integrated Mission Systems, L3Harris. We look forward to supporting the U.S., its allies and partners with field-proven solutions.

The company will supply M762A1 and M767A1 Electronic-Time Fuzes on the five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract. L3Harris has 60 years of experience providing advanced fuzing and ordnance systems and precision electronic components for the Department of Defense and international customers, specializing in the design and manufacture of mechanical and electro-mechanical fuzes.

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 management's 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 future deliveries 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/2024/06/us-army-awards...
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