NASA Awards $100 Million Spacecraft Contract to Blue Origin, Firefly, and L3Harris

The National Aeronautics and Space Administration (NASA) has selected Blue Origin, Firefly Aerospace, and L3Harris Technologies for a new spacecraft contract valued at $100 million. The agreement focuses on the development of services intended to support the agency’s ongoing space operations.

For L3Harris Technologies, this award aligns with its strategic focus within its Space & Mission Systems (SMS) segment. The company provides mission-critical solutions for government and commercial customers, and this contract reinforces its role in the aerospace and defense sector. The specific scope of work for the partners involves maturing designs and capabilities for spacecraft operations.

L3Harris shares are currently trading at $278.38. The stock has moved lower today, down 4.67% from the previous close of $292.01. The company holds a market capitalization of approximately $54.14 billion and operates as a key entity within the Industrials sector.

This selection places L3Harris alongside commercial launch providers Blue Origin and Firefly, highlighting a trend of collaboration between traditional defense primes and emerging space technology firms. The contract is part of broader efforts to establish robust commercial partnerships for space exploration and logistics.

What to watch

• Contract milestones and technical deliverables related to the spacecraft development.
• Future earnings reports from L3Harris for updates on the Space & Mission Systems segment.
• Any subsequent contract modifications or additional NASA awards related to this program.

Source: original release