09/30/2024 | Press release | Distributed by Public on 09/30/2024 08:07
MELBOURNE, Fla., Sept. 30, 2024 - The U.S. Navy has awarded L3Harris Technologies (NYSE: LHX) a contract to perform depot maintenance, repair and overhaul support of the 135 aircraft P-8A Poseidon fleet specializing in maritime patrol and reconnaissance, long-range anti-submarine warfare, anti-surface warfare and intelligence, surveillance and reconnaissance (ISR).
L3Harris has provided decades of sustainment and modification support on the P-3 Orion - the predecessor platform to P-8 - across multiple customers, including the U.S. Navy and NOAA and to the militaries of Brazil, New Zealand and Republic of Korea.
"We are proud of our longstanding tradition of providing the U.S. Navy with integration and sustainment solutions for mission success," said Jason Lambert, President, ISR, L3Harris. "We also look forward to supporting the Navy's international military partners as part of this new award."
Work on the P-8A Poseidon fleet will begin this year at L3Harris' aircraft modification facility in Waco, Texas, and continue through September 2029.
About L3Harris Technologies
L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.
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. 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.
# # #