ASHAWAY, R.I., Nov. 18, 2020 — L3Harris Technologies (NYSE:LHX), an aerospace and defense technology company, announced plans to expand in Ashaway by investing $1.5 million in its operations. The company will add more than 40 positions and increase its manufacturing space to 92,000 square feet.
The L3Harris facility develops and manufactures technology the U.S. Navy uses in submarines for surveillance and detection. The expansion will support the Navy’s recent contract award of $31 million for L3Harris to build next-generation towed sonar systems for submarines. The facility expansion will be equipped with state-of-the-art sonar array manufacturing and environmental test equipment to enhance the product’s overall performance.
“The Ashaway facility expansion represents a long-standing commitment to meeting the Navy’s current and future needs and creating job opportunities in Rhode Island,” said Scott Tilden, Vice President and General Manager, Maritime Sensors, L3Harris. “This facility has an exceptional record of designing, developing, and manufacturing undersea sensors, which is one of the exciting reasons we continue to invest and expand operations in the state.”
L3Harris’ Ashaway location has provided undersea sensor systems since 1991, including the TB-29C and TB-34A towed array sonars. Other support to the Navy includes providing integrated solutions for ship monitoring, ship defense sensors, submarine electronics and acoustic sensors for unmanned vehicles.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to- end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.
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 the value or expected value of orders, contracts or programs and about system 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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