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L3Harris Technologies Reports Co Awarded Medium Unmanned Surface Vehicle Program From U.S. Navy; Total $35M

L3Harris Technologies Awarded Medium Unmanned Surface Vehicle Program from US Navy Highlights: Program is the first U.S. Navy program for medium unmanned surface vehicles Technology supports advanced autonomy in

Benzinga · 08/18/2020 13:19

L3Harris Technologies Awarded Medium Unmanned Surface Vehicle Program from US Navy

Highlights:

  • Program is the first U.S. Navy program for medium unmanned surface vehicles
  • Technology supports advanced autonomy in operational environments
  • Unmanned systems enable distributed maritime operations

L3Harris Technologies (NYSE:LHX) has received a contract from the U.S. Navy for the Medium Unmanned Surface Vehicle (MUSV) program. This is the Navy's first program for an unmanned surface vehicle to support the Navy's Distributed Maritime Operations strategy.

The $35 million initial award is part of a $281 million program that includes a prototype and options for a total of nine MUSVs. L3Harris will integrate the company's ASView™ autonomy technology into a purpose-built 195-foot commercially derived vehicle from a facility along the Gulf Coast of Louisiana. The MUSV will provide intelligence, surveillance and reconnaissance to the fleet while maneuvering autonomously and complying with international Collision Regulations, even in operational environments.

"The MUSV program award reinforces our investments in the unmanned market and demonstrates our ongoing commitment to bring mission-critical capabilities to our warfighters," said Sean Stackley, President, Integrated Mission Systems, L3Harris. "L3Harris is continuing to develop a full range of highly reliable and affordable autonomous maritime capabilities to enable distributed maritime operations in support of the National Defense Strategy."

L3Harris will be the systems integrator and provide the mission autonomy and perception technology as the prime contractor on the program. The program team includes Gibbs & Cox and Incat Crowther who will provide the ship design and Swiftships will complete the construction of the vehicle.

L3Harris is a world leader in actively powered Unmanned Surface Vehicle (USV) systems, with over 115 USVs delivered worldwide. L3Harris' USVs are actively serving the Navy, universities, research institutions and commercial businesses.

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 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.

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