StockNews.AI
LHX
StockNews.AI
210 days

US Army Awards L3Harris Second Full-Scale ENVG-B Production Order

1. L3Harris secures $263 million U.S. Army order for ENVG-B production. 2. This order follows a similar award given earlier this year. 3. Over 18,000 ENVG-B systems have been supplied to the Army so far. 4. Company emphasizes enhancement of night vision and military connectedness. 5. Investment in technology strengthens national defense capabilities.

5m saved
Insight
Article

FAQ

Why Bullish?

The recent large order indicates growing demand, similar to past successes boosting stock.

How important is it?

Major contracts like this enhance L3Harris' revenue outlook, impactful for shareholders.

Why Long Term?

Sustained production contracts support long-term revenue growth, akin to previous contracts.

Related Companies

LHXBANOCGD
LONDONDERRY, N.H.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received a $263 million order from the U.S. Army for continued production of the Enhanced Night Vision Goggle – Binocular (ENVG-B). This is the second order under the full-scale production Indefinite Delivery, Indefinite Quantity program, following a similar award earlier this year. “Our innovative fused night-vision technology provides U.S. soldiers the most sophisticated capability available to identify and engage targets in limited light before adversaries see them,” said Sam Mehta, President, Communication Systems, L3Harris. “With the ability to extend the system as a communication hub or sensor, we can increase soldiers’ situational awareness and drive connectivity with the larger Integrated Tactical Network.” “The defense industrial base in New Hampshire contributes immensely to our national security – and this new investment in L3Harris’ ENVG-B program will continue to fuel production of cutting-edge night vision capability for the warfighter in Londonderry,” said Sen. Jeanne Shaheen, D-N.H. “I’m proud of the L3Harris workforce here in New Hampshire and the important work they are doing to enhance our national defense.” L3Harris has delivered more than 18,000 ENVG-B systems to the Army to date, providing industry-leading Figure of Merit levels and digital overlays that augment performance. L3Harris will continue enhancing ENVG-B and similar technologies through investments in night-vision technology, artificial intelligence and open-system architecture development to expand the device’s critical capabilities for the thousands of systems the Army will deploy. The company has also delivered more than 28,000 advanced vision goggles to warfighters worldwide, including the company’s Binocular Night Vision Device – Fused solution, demonstrating L3Harris’ commitment to resilient capabilities. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information. Forward-Looking Statements This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon 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 statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs and about system capabilities 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.

Related News