L3Harris Secures $482 Million Royal Canadian Air Force Contract Extension to Provide Continued Support to CF-18s | national company
MIRABEL, Quebec–(BUSINESS WIRE)–April 21, 2022–
L3Harris Technologies (NYSE:LHX) has been awarded a 4-year, US$482 million performance-based contract (PBC) extension, with option years, to continue in-service support of the CF-18 Hornet fighter from the Royal Canadian Air Force (RCAF) fleet of aircraft until its retirement which is currently estimated at 2032.
As part of a sustainment business case process, the four principles of the sustainment initiative, namely performance, value for money, flexibility and economic benefits, were drivers for the development of the optimized and adapted solution. With this contract extension, L3Harris will continue to provide fleet and program management, maintenance, engineering, material management, electronic publications, integrated logistics support, data management and operational software support. Work will be performed at L3Harris’ Mirabel facility, as well as Canadian Forces Base (CFB) Cold Lake and CFB Bagotville.
“This contract recognizes L3Harris as Canada’s only fighter center of excellence and demonstrates our continued performance and commitment to customer focus, flawless execution and a long-term partnership with the RCAF,” said Ugo Paniconi, Managing Director, MAS, L3Harris.
L3Harris recently celebrated 35 years of supporting the CF-18 aircraft fleet, including significant structural life extension and systems modernization work that has helped the CF-18 remain relevant on the operational plan and increase the value of Canada’s investment in the platform. This latest performance-based contract will provide flexibility, economic benefits and value to Canada’s Sustainment Initiative.
L3Harris has created hundreds of high-tech jobs in Quebec with F/A-18 support contracts for Canada, Australia, Switzerland, Finland, Spain and the United States. The L3Harris Mirabel Division employs over 1,150 people across Canada and is one of the leading in-service support integrators for the Department of National Defence.
About L3Harris Technologies
L3Harris Technologies is an agile global innovator in aerospace and defense technologies, delivering end-to-end solutions that meet critical customer needs. The company provides advanced defense and commercial technologies in the space, air, land, maritime and cyber domains. L3Harris has annual revenue of over $17 billion and 47,000 employees, with customers in over 100 countries. L3Harris.com.
Forward-looking statements
This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates regarding future performance and economic conditions. These statements are made on the basis of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statement is subject to risks and uncertainties that may cause actual results and future trends to differ materially from those expressed or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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KEYWORD: FLORIDA UNITED STATES NORTH AMERICA CANADA
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SOURCE: L3Harris Technologies
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PUBLISHED: 04/21/2022 08:00 AM / DISK: 04/21/2022 08:02 AM
http://www.businesswire.com/news/home/20220421005255/en
Copyright BusinessWire 2022.