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WASHINGTON - L3Harris Technologies (NYSE:LHX), a prominent player in the Aerospace & Defense industry with a market capitalization of $49.57 billion and annual revenue of $21.25 billion, introduced a new family of launched effects vehicles designed to meet the Department of Defense’s requirements for advanced munitions that can be used across military services and domains, according to a company press release.
The initial offerings include Red Wolf, a kinetic platform for long-range precision strikes, and Green Wolf, an electronic warfare platform with electronic attack and detection capabilities. Both vehicles can be integrated with and launched from air, ground or maritime platforms. The company’s strong financial health and 26.7% year-to-date stock return reflect investor confidence in its military technology initiatives.
The company stated that the vehicles feature modular designs, advanced software for in-flight collaboration and re-targeting, and support for autonomous aircraft swarming capabilities.
"The Red Wolf and Green Wolf are lethal, modular, affordable and ready to hunt," said Ed Zoiss, President of Space and Airborne Systems at L3Harris.
L3Harris reported that it developed the vehicles over the past five years and has completed more than 40 test flights. The platforms can be recoverable, allowing for the integration of different payloads.
The company plans to build dozens of systems as part of low-rate initial production by the end of 2025, supported by infrastructure expansions and automation enhancements.
The vehicles are designed to provide military branches with capabilities for closing long-range kill chains, defeating threats in challenging environments, and protecting assets, regardless of the platform used for deployment. For detailed analysis of L3Harris’s financial performance and growth prospects, including 12 additional exclusive ProTips, visit InvestingPro for comprehensive research reports and expert insights.
In other recent news, L3Harris Technologies announced plans to construct a significant solid rocket motor production campus in Camden, Arkansas, as part of a broader $500 million investment across its major production sites. This new campus will include over 20 buildings dedicated to missile defense targets, interceptors, and hypersonic vehicles, increasing the company’s manufacturing capacity six-fold. Additionally, L3Harris secured several contracts with the U.S. Department of Defense, totaling millions of dollars. The company was awarded a $34.4 million contract for bomb rack units for the P-8A aircraft, with work set to be completed by March 2030. Another $28.4 million contract was granted for engineering support services under the Commercial Broadband Satellite Program, expected to conclude by June 2030. Furthermore, the company received a $29.6 million contract from the U.S. Army for communications equipment and accessories, with completion anticipated by April 2027. These developments highlight L3Harris’s expanding role in defense and aerospace sectors.
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