Benzinga | Jan 28, 2022 07:05AM EST

L3Harris Secures $750M IDIQ Contract From US Marine Corps

* L3Harris Technologies Inc (NYSE:LHX) has secured a competitive 10-year, $750 million single-award IDIQ contract from the U.S. Marine Corps for multi-channel handheld and vehicular radio systems.

* The L3Harris Falcon IV family of manpack and handheld radios selected by the USMC have been broadly adopted by the U.S. Army, U.S. Special Operations Command, U.S. Air Force, and a growing number of key allies to provide secure, resilient, and interoperable communications capabilities.

* These Multi-Channel Radios provide true resilience against peer adversary threats, key for Force Design 2030 and JADC2.

* Price Action: LHX shares closed lower by 2.86% at $216.27 on Thursday.