L3Harris Secures Battery Supply Deal for U.S. Navy Submarine Fleets

L3Harris Technologies, Inc. has received a contract to supply batteries for the United States Navy’s nuclear-powered submarines. The agreement covers the Virginia-class attack submarines and the Columbia-class ballistic missile submarines. These vessels are critical components of the Navy’s undersea fleet, with the Virginia-class serving as multi-mission platforms and the Columbia-class designed for strategic deterrence.

The battery systems are essential for providing backup power and supporting specific electrical loads within the submarine infrastructure. This award reinforces the role of L3Harris in supporting naval modernization and sustainment programs. The company currently operates through three primary segments: Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions.

From a market perspective, L3Harris is currently trading at $277.86, reflecting a change of 0.49% from the previous close of $276.51. The company holds a market capitalization of approximately $55.25 billion and operates within the Industrials sector, specifically focusing on Aerospace & Defense.

What to watch

• Timeline for battery delivery and integration milestones for both submarine classes.
• Future contract modifications related to the Columbia-class program as production scales.
• Up quarterly earnings reports for updates on the Space & Mission Systems segment performance.

Source: original release