L3Harris wins $23M Space Force contract

• L3Harris (NYSE:LHX) has won a $23M contract with the U.S. Space Force Space and Missile Systems Center.
• The MOSSAIC contract is a follow-on to the Systems Engineering and Sustainment Integrator program that the company won in 2002. The current estimated value of the contract is $1.2B over 10 years.
• L3Harris will modernize and sustain critical space infrastructure used by the military to keep track of activities and objects in space
• Shares are down 4.4% premarket.