L3Harris secures $593 million Navy contract to develop onboard EO/IR sensor technology

L3Harris Technologies (NYSE: LHX) has been awarded a potential $593 million contract to develop passive sensor technology for surveillance, detection and tracking operations aboard US Navy ships.

The company will initially provide engineering, manufacturing and development services to the branch’s onboard panoramic electro-optical/infrared program, the Department of Defense announced Tuesday.

Under the SPEIR contract, L3Harris will also supply the Navy with low-rate initial production units and spare parts.

The branch noted in the May 2021 tender documents that it would require the selected vendor to produce three engineering development models, one partial system for environmental testing and two complete systems for use in formal qualification efforts. and land test.

According to the documents, the contractor would manufacture up to 21 SPEIR LRIP units and 21 wide and narrow field of view components of the system after the EMD phase.

Naval Sea Systems Command received a bid for the program through a competitive solicitation and will commit $11 million upon award.

The base performance period of the contract is valued at $205.9 million and is expected to end in November 2025. Work would continue through March 2031 if the Navy exercises all options.

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