- L3Harris Technologies Inc (NYSE:LHX) has secured a contract with a potential value of $700 million to build the Space Development Agency’s (SDA) Tranche 1 Tracking Layer satellite program.
- L3Harris will build a 14-vehicle satellite constellation that will include optical communications terminals, infrared mission payloads, Ka-band communications payloads, and multiple pointing modes.
- The contract addresses the hypersonic missile threat in support of the multi-layer National Defense Space Architecture.
- L3Harris developed four prototype satellites under the SDA’s Tracking Layer Tranche 0 award in 2020 that will launch in 2023.
- Price Action: LHX shares are trading lower by 0.68% at $222.35 on the last check Monday.
Eni Seeks To Buy Private Equity-Backed Neptune Energy For Around $6B: Report
Eni SpA (NYSE: E) is reportedly in preliminary talks to buy private-equity-backed gas and oil producer Neptune Energy for around $5 billion -$6 billion.
Neptune produces around 130,000 barrels of oil equivalent per day (boed), primarily gas.
