MELBOURNE, Fla., July 31, 2023 — L3Harris Technologies (NYSE:LHX) and its Team Lynx partners, led by American Rheinmetall Vehicles (ARV), won a contract to design and prototype the U.S. Army’s Optionally Manned Fighting Vehicle, now the XM30 Mechanized Infantry Combat Vehicle.
The Lynx team also includes Textron Systems, Raytheon, Allison Transmission and Anduril Industries. Team Lynx will produce a vehicle design then build and test prototypes to increase mobility, lethality and safety for future warfighters. The Army awarded contracts with a value in excess of $700 million to two groups with a final contract expected in 2027.
“We welcome the opportunity to continue working with our partners to produce the most advanced and most secure vehicles for our warfighters,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris. “We are developing innovative technologies that will pave the way for future battlefield dominance. This includes a vehicle with superior protection, unsurpassed firepower and unbeatable mobility that features L3Harris third-generation sights to identify threats better and earlier.”
L3Harris is providing digitally engineered mission systems that adhere to a modular and open-systems approach to lower lifecycle costs. The systems enable battlefield awareness for faster identification and targeting capabilities as well as secure, high-capacity communication systems and data links to improve command and control for collaborative targeting.
The XM30 will replace the M2 Bradley Fighting Vehicle and is the Army’s first ground combat vehicle designed using modern, digital engineering tools and techniques. XM30 is part of the Next Generation Combat Vehicle initiative, which is one of the Army’s top six development and modernization priorities.
About L3Harris Technologies
L3Harris Technologies is the Trusted Disruptor for the global aerospace and defense industry. With customers’ mission-critical needs always in mind, our more than 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon 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 statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about contract awards and values or about system or technology capabilities 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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