L3Harris Technologies (LHX) Receives FAA Contract to Upgrade Aircraft Tracking Network

​Management noted that nether this contract, the institution volition modernize much than 700 crushed stations. These stations supply real-time, satellite-based formation positioning information to aerial postulation controllers nationwide. Moreover, the institution volition besides deploy precocious cybersecurity to support airspace information and grow surveillance to way caller types of craft entering the National Airspace System.

​Management besides highlighted that the institution already runs the world's largest terrestrial aerial postulation surveillance network. The institution besides integrates thousands of information sources for hundreds of FAA and authorities facilities.

​That said, the Street remains bullish connected the stock, with analysts' 12-month terms people suggesting much than 28.4% upside from the existent level.

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