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L3Harris Technologies Awarded $380 Million IDIQ Contract for WESCAM MX™-Series Products and Support
July 22, 2020 - The Canadian Commercial Corporation (CCC) has awarded L3Harris Technologies (NYSE:LHX) an eight-year, $380 million indefinite delivery, indefinite quantity (IDIQ) contract to procure WESCAM MX-Series products and services in support of global U.S. Army surveillance and targeting operations.
The contract enables continued upgrades and support for the U.S. Army's robust installed base of fixed-wing, aerostat and unmanned platforms while supporting expanding Foreign Military Sales (FMS) requirements.
“L3Harris is proud to once again supply its WESCAM MX technologies and solutions to the U.S. Army, as it highlights our role as a trusted global supplier of advanced imaging solutions to the defense industry,” said Sean Stackley, President, Integrated Mission Systems, L3Harris. “Through this contract, our highly specialized optics and leading technologies can continue to meet the needs of emerging mission portfolios, including time-sensitive response operations.”
L3Harris' WESCAM MX-Series products have successfully supported U.S. Army aviation programs for more than two decades. WESCAM MX-Series systems have logged over 4 million hours of combat operations with the U.S. Army and continue to be a resource in on-going global intelligence, surveillance and reconnaissance (ISR) missions.
L3Harris' portfolio of WESCAM MX-Series systems provide high-precision situational awareness – while delivering an advanced capability to collect critical mission information that assist in overcoming emerging threats. In addition to the U.S. Army, WESCAM MX systems are operational within the U.S Navy and Air Force Special Operations Command where they continue to support programs in the fight against global terrorism.
The CCC is Canada's government-to-government contracting organization for sales of defense and security technology and expertise from Canada. Each CCC contract provides the U.S. DOD with the Government of Canada's assurance that the contract will be fulfilled in accordance with its terms and conditions.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.
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 our 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200722005473/en/
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September 12, 2019 | International, Land
DSEI: UK’s Warrior fleet upgrade about 18 months away from kickoff
By: Andrew Chuter LONDON — Negotiations are underway on a production contract to update the British Army's fleet of Warrior infantry fighting vehicles, according to the Ministry of Defence official running the program. “We are now talking about how we go forward on production,” Marcus Bruton, the MoD's Warrior upgrade director said during an interview at the DSEI show Sept. 10. Bruton said the two sides were probably 18 months away from a contract allowing Lockheed Martin and its supply chain to start upgrading the Warrior. The effort to progress the long running Warrior capability sustainment development program into the manufacturing phase has come on the back of Lockheed Martin successfully achieving 20 battlefield mission assessments – a key milestone in the reliability growth test program now underway. The MoD said in March it would open manufacturing contract negotiations once it was satisfied with progress on reliability trials. In late August Lockheed Martin achieved that milestone. The company said that in cooperation with the British Army Armoured Trials and Development Unit, it had fired thousands of rounds from the new CTAI developed 40 mm cannon, driven more than 5,000 kms, and achieved the battlefield mission assessments with flying colors. Lockheed Martin Warrior program Director Lee Fellows said he is expecting a deal towards the back end of next year. The company is keen to get the production contract signed and sealed but “we need to get it right, so it will take as long as it needs to," he added. "Getting it done at pace and quality aequally important.” Quantities, the mix of variants and affordability are among the items due to be discussed. Discussions on how to overcome issues of design authority ownership is also part of the build up to a production contract, said the officials. BAE holds the design authority on the existing legacy Warrior, but Lockheed Martin holds the approval for the extensive upgrade — particularly the new turret. “The expectation is there will be a collaboration with BAE. We are talking with them already, that's part of the negotiations,” said Fellows. Neither executive will comment on what sort of upgrade numbers the British Army is looking at. Roughly 740 vehicles were delivered to the British Army starting 1988 but a number were lost in Iraq and Afghanistan. A number of vehicles have been earmarked for battlefield support duties that don't require a new turret. At one time the number of hulls to be updated was in the region of 380, but suppliers at a company briefing in March said that as the British Army downsized and budgets became more challenging the figure slipped to around 265 or lower. The Lockheed Martin executive said that the next 18 months or so will bring further reliability growth trials, but that the major risks have been removed and testing had not unearthed any significant problems. The update is considered one of the Army's top priorities alongside other vehicle programs, including the Challenger 2 tank upgrade and procurement of the Boxer mechanized infantry vehicle from German company Artec. Lockheed Martin was awarded a development deal to upgrade Warrior vehicles back in 2011, but the program has been dogged with problems slowing down progress towards a production deal by several years. The update program includes a new turret fitted with the CTAI cannon, electronic architecture, a modular protection systems and other enhancements. It's a much needed update. The current vehicle's inability to fire on the move is just one of a number of shortcomings deemed to make the Warrior obsolete by current battlefield standards. https://www.defensenews.com/digital-show-dailies/dsei/2019/09/11/uks-warrior-fleet-upgrade-about-18-months-away-from-kickoff
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