L3Harris Technologies Expands OA-1K Skyraider II Production
L3Harris Technologies Inc, a leading aerospace and defense technology company, has increased production of the OA-1K Skyraider II aircraft to meet current and future demand. This decision comes despite the U.S. Special Operations Command reducing near-term acquisitions.
The expansion is expected to keep the Armed Overwatch program on track for its initial operational capability in 2026. The program’s timeline remains unchanged.
Company Performance
L3Harris Technologies’ stock price has shown a significant increase over the past decade. An investment of $100 made 10 years ago is now worth over $363.
Market Outlook
The LEO PNT (Local Ephemeris and Orbit Prediction) market, in which L3Harris operates, is expected to experience significant growth. This growth is driven by increasing demand for secure and high-precision navigation solutions.
- Key drivers of growth in the LEO PNT market include:
- Increasing demand for secure navigation solutions
- Growing need for high-precision navigation systems
- Expansion of applications in various industries, including aerospace and defense