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L3Harris Technologies said it received an undefinitized contract from Lockheed Martin over seven years to expand THAAD propulsion production. The company said it will construct a new facility and expand capacity for THAAD solid rocket boost motor and liquid divert and attitude control production.
L3Harris Technologies (NYSE:LHX) has received an undefinitized contract from Lockheed Martin, valued at more than $6 billion (excluding escalations) over seven years, to significantly expand propulsion production for the Terminal High Altitude Area Defense (THAAD) system.This major milestone follow…