- 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.
4Front Ventures FY22 Revenue Grows 13%, What About Net Loss?
4Front Ventures Corp. (CSE:FFNT) (OTCQX: FFNTF) FY 2022 revenue increased 13% year-over-year to $118.5 million.
FY 2022 Highlights
Gross profit was $41.1 million compared to $49.4 million in FY 2021.
