L3Harris Expands Satellite Production Site - L3Harris Technologies (NYSE:LHX)

L3Harris Technologies Inc 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.