L3Harris Technologies, Inc. (LHX) to Support Canada's National Security with Advanced ISR Imaging Technology
On Monday, L3Harris Technologies, Inc. (NYSE:LHX) announced it was awarded a contract by the Canadian Commercial Corporation for 16 WESCAM MX-20 surveillance and targeting systems for the Royal Canadian Air Force's P-8A aircraft. The systems will help conduct critical maritime and overland patrol and reconnaissance missions.
A military jetfighter against a deep blue sky with the sun behind it.
Tom Kirkland, Vice President and General Manager, Targeting and Sensor Systems, at L3Harris Technologies, Inc. (NYSE:LHX) stated the following on the agreement:
'Integrating our proven technology with the P-8A equips Canada with the most advanced ISR imaging solution. Maritime and national security, including missions in the Arctic, require extremely reliable systems like the WESCAM MX-20 to enhance critical security coast-to-coast.'
The latest contract builds on L3Harris Technologies, Inc. (NYSE:LHX)'s announcement last year to supply 11 WESCAM MX-20 systems for Canada's fleet of MQ-9B SkyGuardian, a remotely piloted aircraft.
The company has delivered approximately 8,000 WESCAM MX-Series EO/IR systems to customers worldwide. These systems are active in more than 87 countries, supporting air, land, and sea missions on over 260 different platforms.
L3Harris Technologies, Inc. (NYSE:LHX) is a vital player in the aerospace and defense industry, specializing in end-to-end technology solutions connecting the air, space, land, and sea domains in national security. The company is currently being tapped for America's $175B Golden Dome System project. You can read more on this here.
While we acknowledge the potential of LHX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now.
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