L3Harris Wins $84M Army Order for Falcon Radios, Expanding Next-Gen Comms
LHX is trading near its 52-week low of $256.013 (13% above the low) on light trading volume (0.3× avg).
Summary
L3Harris secured an $84 million U.S. Army order for its Falcon manpack radios, the second award under the Next Generation Command and Control program. This follows a $24 million order in October and builds on the $614 million SOCOM radio contract from late June. The radios form the transport layer for moving data between sensors, shooters, and command systems. The order reinforces L3Harris's position in tactical communications and adds to a growing backlog of defense radio contracts.
At the time of this announcement, LHX was trading at $290.12 on NYSE in the Technology sector, with a market capitalization of approximately $54B. The 52-week trading range was $256.01 to $379.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.