L3Harris Receives $1B Deal, To Provide Communication Technology
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L3Harris Technologies (LHX) has secured a $1 billion contract to supply its MIDS JTRS Programmable Radio to the U.S. Navy, enhancing its position in the defense communication technology sector.
November 26, 2024 | 8:15 pm
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L3Harris Technologies has won a $1 billion contract to provide communication technology to the U.S. Navy, specifically the MIDS JTRS Programmable Radio.
The $1 billion contract is a significant win for L3Harris, likely boosting its revenue and strengthening its market position in defense communication technology. This contract with the U.S. Navy underscores the company's capabilities and reliability, which could positively influence investor sentiment and the stock price in the short term.
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