L3Harris Receives Contract to Deliver Proximity Fuzes

MELBOURNE, Fla., June 3, 2026 - L3Harris Technologies (NYSE: LHX) has been awarded a contract valued up to $98 million by the Naval Surface Warfare Center Indian Head Division to deliver the Department of War's combat-proven Mechanical Proximity Fuze for upgrades to the Advanced Precision Kill Weapon System.

L3Harris designed and manufactured the Mechanical Proximity Fuze to deliver the precision, adaptability and affordability needed to counter emerging unmanned aerial threats in a variety of environments. The fuze upgrades launch platforms into low-cost, effective counter-unmanned aerial system weapons to enhance reliable detonation at the optimal impact.

"With the U.S. military prioritizing proven, cost-effective capabilities to counter fast-moving threats, L3Harris' Mechanical Proximity Fuze has emerged as the trusted solution of choice," said Scott Alexander, President, Missile Propulsion, Missile Solutions, L3Harris. "This award reflects our capability to respond with speed and reliability as we expand production capacity and strengthen industrial resilience to support critical missions."

The firm-fixed-price contract includes options which would bring the cumulative value to $98 million. The Mechanical Proximity Fuze is also referred to as the Fixed Wing, Air Launched, Counter-Unmanned Aircraft Systems Ordnance (FALCO) Proximity Fuze.

Increased demand for FALCO Proximity Fuzes is driving L3Harris to increase proximity fuze production sevenfold. Investments in tooling, modernized inspection equipment and supplier expansion are expected to enable a twentyfold increase in capacity, supporting current U.S. military needs and anticipated future demand.

L3Harris has delivered advanced fuzes and safe and arm solutions across multi-domain operations for more than 70 years. The company will produce the proximity fuzes in Cincinnati, Ohio.

About L3Harris Technologies

L3Harris is the Trusted Disruptor in defense tech. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.

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 order values, production and capacity are forward-looking and involve risks and uncertainties related to indefinite order quantities, among other things. L3Harris 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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