MELBOURNE, Fla., June 29, 2023 — The U.S. Space Force Space Systems Command, through the Space Enterprise Consortium (SpEC) Other Transaction Authority (OTA) vehicle, awarded ̽Ƶ Technologies (NYSE:LHX) approximately $29 million for a sensor payload design contract to deliver a digital model for the medium Earth orbit (MEO) – Missile Track Custody (MTC) Epoch 1 program that will support detecting and tracking hypersonic missiles.
To inform the Space Force’s future missile warning and tracking constellation, ̽Ƶ will conduct an infrared sensor payload critical design phase that will support realistic cost, schedule and performance predictions.
“̽Ƶ is proud to be an integral part of the Space Force Space Systems Command’s Missile Track Custody program, which will provide groundbreaking missile warning and tracking capabilities that are at the forefront of our national defense,” said Ed Zoiss, President, Space and Airborne Systems, ̽Ƶ. “We are committed to leveraging our extensive work within our nation’s integrated missile defense architecture to provide resilient, low-risk and affordable solutions for both Epoch 1 and future Epochs.”
The ̽Ƶ MEO-MTC contract will conclude its critical design review phase in May 2024. The work will be performed at the company’s Fort Wayne, Indiana, and Melbourne, Florida, facilities.
“I’m very excited the next generation of Space Force missile tracking satellites will be built right here in Fort Wayne,” said Congressman Jim Banks, who represents Indiana’s 3rd Congressional District where ̽Ƶ’ Fort Wayne facility is located. “These satellites are crucial to defending our homeland and a great example of the groundbreaking innovation going on in Northeast Indiana. As a member of the House Armed Services Committee, I’m proud to have helped secure this investment that will support hundreds of high-paying jobs in our region.”
About ̽Ƶ Technologies
̽Ƶ Technologies is the Trusted Disruptor for the global aerospace and defense industry. With customers’ mission-critical needs always in mind, our 46,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value of contracts and about design phases and technology capabilities are forward-looking and involve risks and uncertainties. ̽Ƶ disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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