L3Harris Receives $999M Navy Contract for MIDS Radio Terminal Production, Sustainment

The U.S. Navy has awarded L3Harris Technologies (NYSE: LHX) a potential five-year, $998.8 million contract to develop, produce, sustain and retrofit Multifunctional Information Distribution System Joint Tactical Radio Systems terminals. The Department of Defense said Monday Naval Information Warfare System Command received three offers for the indefinite-delivery/indefinite-quantity contract and will obligate $123 million on the

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