- 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.
Bitcoin, Ethereum, Dogecoin See Uptick Ahead Of Fed Policy Meet: Analyst Sees Big Sell-Off For Altcoins, But Says This Crypto Could Be Exception
Major cryptocurrencies saw a slight uptick on Sunday evening, with investors closely monitoring upcoming events such as the Federal Reserve’s potential interest rate hike and the expiration of Bitcoin options next week.
