L3Harris Technologies awarded $62.7 million contract modification

Investing.com -- L3Harris Technologies Inc. (NYSE: LHX) has been awarded a $62.7 million modification to an existing contract by the U.S. Department of War.

The modification, designated as P00353, relates to the previously awarded contract FA8823-20-C-0004 for the Eglin Radar, round based Electro Optical Deep Space Surveillance Telescope, Space Surveillance Telescope, and Agile Portfolio Engineering Sustainment.

This represents Option Year Seven of the contract. With this modification, the total cumulative value of the contract increases to $1.51 billion from $1.44 billion.

Work under the contract will be performed at Colorado Springs, Colorado, and is expected to be completed by January 31, 2027.

No funds are being obligated at the time of the award. The contract will be incrementally funded with fiscal 2026 operations and maintenance funds, as well as fiscal 2026 research development test and evaluation funds, prior to the start of the performance period.

The Space Systems Command Directorate of Contracting at Peterson Space Force Base in Colorado is serving as the contracting activity for this award.

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