On Sunday, L3Harris Applied sciences, Inc. (NYSE:LHX) grabbed a $2.26 billion contract from the Republic of Korea Air Pressure.
As per the deal, the corporate is collaborating with Bombardier (OTC:BOMBF) and Korean Air to ship superior surveillance and command capabilities.
The corporate will provide the Korean Air Pressure with modified Bombardier International 6500 airborne early warning and management (AEW&C) plane.
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The plane are designed to fly sooner, function longer, and cruise greater to spice up mission readiness and security.
They’ll fly at greater altitudes for larger security, improve risk detection with confirmed radar, and allow seamless communication with U.S., NATO, and allied forces for a completely networked battlespace.
Administration Commentary
Jin Kyu Lim, Head of Aerospace Division, Korean Air, stated, “All through this collaboration, Korean Air will strengthen its capabilities in modification, integration, and upkeep for the most recent particular mission plane.”
Éric Martel, President and CEO of Bombardier, added, “Amid rising geopolitical tensions, this plane is the go-to selection for governments searching for to modernize their capabilities, with the reliability and efficiency to assist probably the most demanding missions.”
Latest Main Deal
In September, the corporate secured a $292 million contract to proceed producing propulsion programs for the Javelin weapon program, its most important propulsion award thus far.
The corporate plans to report third-quarter outcomes on October 30, 2025.
Traders can achieve publicity to the inventory by way of ARK Area Exploration & Innovation ETF (BATS:ARKX) and ETF Sequence Options Defiance Drone and Trendy Warfare ETF (NYSE:JEDI).
Value Motion: LHX shares had been buying and selling greater by 1.08% to $286.94 premarket ultimately test Monday.
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