L3Harris Receives $297 Million Tactical Radio Contract Cap Increase From U.S. Special Operations Command
Increases indefinite delivery and indefinite quantity contract cap to $552 million
Enables advanced communications
Extends the American advantage via software updates for future capabilities and resilient waveforms
ROCHESTER, NY, May 16, 2022–(BUSINESS WIRE)–L3Harris Technologies (NYSE: LHX) has received a $297 million IDIQ contract raise for its Falcon® IV United States Special Operations Command (USSOCOM) AN/PRC-167 radio systems.
USSOCOM increased the initial IDIQ cap from $255 million to $552 million. This follows two orders in the fourth quarter of 2021 totaling $36 million, the latest in a series of full-rate production orders in support of the Next Generation Tactical Communications (NGTC) program.
“Reaching the initial IDIQ cap 15 months after the first full-rate production order in 2021 illustrates the excellent adoption rate of the AN/PRC-167, which is currently deployed by Special Operations Forces Americans,” said Chris Aebli, president, Tactical Communications, L3Harris. “The success of this program and our longstanding relationship with USSOCOM demonstrates L3Harris’ ability to meet the challenges faced by SOF operators and their platforms. We provide solutions that offer more capacity and resilience than any other system.
L3Harris’ extensive waveform library extends the US advantage via software updates for future capabilities and resilient waveforms. Waveforms offer full interoperability with US and global partners. Software updates for emerging capabilities will provide and maintain true resilience against threats from peer adversaries.
About L3Harris Technologies
L3Harris Technologies is an agile global innovator in aerospace and defense technologies, delivering end-to-end solutions that meet critical customer needs. The company provides advanced defense and commercial technologies in the space, air, land, maritime and cyber domains. L3Harris has annual revenue of over $17 billion and 47,000 employees, with customers in over 100 countries. L3Harris.com.
This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates regarding future performance and economic conditions. These statements are made on the basis of 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 statement is subject to risks and uncertainties that may cause actual results and future trends to differ materially from those expressed or implied by such forward-looking statements. Statements about technology capabilities or the expected number of radios to be purchased 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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