On Sunday, L3Harris Technologies, Inc. ( NYSE: LHX) got a $2.26 billion agreement from the Republic of Korea Flying Force.
Based on the offer, the business is working together with Bombardier (OTC: BOMBF) and Korean Air to provide innovative security and command abilities.
The business will provide the Korean Flying force with customized Bombardier Global 6500 air-borne early caution and control (AEW&C) airplane.
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The airplane are developed to fly much faster, run longer, and cruise greater to increase objective preparedness and security.
They will fly at greater elevations for higher security, improve hazard detection with tested radar, and allow smooth interaction with U.S., NATO, and allied forces for a totally networked battlespace.
Management Commentary
Jin Kyu Lim, Head of Aerospace Department, Korean Air, stated, “Throughout this partnership, Korean Air will reinforce its abilities in adjustment, combination, and upkeep for the current unique objective airplane.”
Éric Martel, President and CEO of Bombardier, included, “Amidst increasing geopolitical stress, this airplane is the go-to option for federal governments looking for to improve their abilities, with the dependability and efficiency to support the most requiring objectives.”
Current Major Offer
In September, the business protected a $292 million agreement to continue producing propulsion systems for the Javelin weapon program, its most considerable propulsion award to date.
The business prepares to report third-quarter outcomes on October 30, 2025.
Financiers can get direct exposure to the stock through ARK Area Expedition & & Development ETF (BATS: ARKX) and ETF Series Solutions Defiance Drone and Modern Warfare ETF (NYSE: JEDI).
Rate Action: LHX shares were trading greater by 1.08% to $286.94 premarket at last check Monday.
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Picture by Piotr Swat through Shutterstock