MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
- L3Harris Technologies Inc (NYSE:LHX) expands its satellite production site to include advanced production of unclassified satellites, which will deliver experimental capabilities for national defense.
- The company's Central Florida location is home to more than 100,000 square feet of space used to develop, manufacture, and test full satellites and components.
- The increased production capability allows L3Harris to develop and test the experimental Navigation Technology Satellite-3 (NTS-3), a priority program for the U.S. Air Force.
- Two of L3Harris' eight buildings have recently been upgraded to manufacture multiple end-to-end satellites per month.
- L3Harris has built eight satellites at the expanded Palm Bay facility currently on orbit, with ten more in various stages of development.
- The company plans to add more production capacity by the end of the year to produce six satellites per month.
- Price Action: LHX shares closed lower by 0.02% at $232.44 on Tuesday.
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!