L3Harris Technologies (LHX) received an undefinitized contract modification from the US Navy worth $876 million to build prototype hardware, assemble specialized manufacturing equipment and support flight testing for the Next Generation Jammer Low Band (NGJ-LB) program. An undefinitized award lets work begin before final price and delivery terms are set, typically when the government needs a project quickly. The program aims to replace aging equipment that disrupts low-frequency radar and communications, and the author suggests the ongoing conflict with Iran is adding urgency. The article says the deal is not game-changing for L3Harris, which had nearly $22 billion in annual revenue last year, but signals that the government trusts the company with mission-critical work.
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L3Harris Technologies (NYSE:LHX) has been awarded an $876 million U.S. Navy contract for the Next Generation Jammer Low Band (NGJ-LB) program, which supports accelerated development of low band electronic attack capabilities for the Navy's airborne electronic warfare systems. The award adds to L3Harris's existing airborne electronic attack work, including the AN/ALQ-99 Tactical Jamming System, and recent wins in GMLRS propulsion, VAMPIRE counter-drone systems and Wolf Pack munitions. The next phase is engineering and manufacturing development, including delivery of system demonstration test pods on the Navy's accelerated schedule. Investors can track contract milestones and updates on NGJ-LB testing progress in management's quarterly commentary.
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