Summary
L3Harris Technologies (LHX) announced on July 15, 2002, a significant contract award from the Federal Aviation Administration (FAA) to modernize and integrate its Telecommunications Infrastructure. This contract is substantial, with a 15-year base period valued at $1.7 billion and a maximum potential value estimated at $3.5 billion through 2017, including all option years. This award represents a key development for the company, indicating strong demand for its capabilities in critical infrastructure projects.
Key Highlights
- 1Awarded a 15-year, $1.7 billion contract by the FAA.
- 2Contract focuses on integrating and modernizing the FAA's Telecommunications Infrastructure.
- 3Maximum potential contract value estimated at $3.5 billion through 2017.
- 4This award highlights L3Harris's expertise in large-scale government infrastructure projects.
- 5The contract is expected to provide a significant long-term revenue stream for the company.
Frequently Asked Questions
The primary event is the announcement of a major contract awarded to L3Harris Technologies by the Federal Aviation Administration (FAA) for the integration and modernization of its Telecommunications Infrastructure.
The contract has a 15-year base period valued at $1.7 billion, with an estimated maximum total value of $3.5 billion through 2017, including all option years. This represents a substantial long-term revenue opportunity for L3Harris.
No, this particular 8-K filing does not include any financial statements or pro forma financial information. It solely reports on the FAA contract award.