US Air Force Awards L3Harris Technologies up to $668 Million IDIQ Contract to Maintain C-130 Aircraft Fleet

Highlights:

• Includes depot-level maintenance and sustainment
• Expands U.S. Air Force sustainment capacity for improved fleet readiness
• Leverages company’s 1.1 million-square-foot aircraft modification center

MELBOURNE, Fla.--(BUSINESS WIRE)--The U.S. Air Force has awarded L3Harris Technologies (NYSE:LHX) a five-year, up to $668 million IDIQ contract to help maintain its C-130 aircraft fleet readiness.

L3Harris will perform sustainment on C-130H and J-model aircraft at its 1.1 million-square-foot aircraft modification center in Waco, Texas. The center features hangars to support a full range of missionization and aircraft services, including conducting parallel avionics modernization and programmed depot-level maintenance efforts for reduced aircraft downtime.

The center supports the Air National Guard and Air Force Reserve C-130H aircraft fleet under the U.S. Air Force Avionics Modernization Program Increment 2. The center also services the U.S. Air Force, U.S. Coast Guard, U.S. Navy, U.S. Marine Corps, space, commercial and international operators.

“L3Harris’ support will alleviate capacity constraints for the U.S. Air Force’s Air Logistics complexes,” said Sean Stackley, President, Integrated Mission Systems, L3Harris. “Our extensive C-130 experience, skilled personnel and expansive hangar capacity provide a ready solution to assist the Air Force in maintaining its fleet readiness.”

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 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.