- L3Harris Technologies (LHX, Financial) completes a $125 million expansion of its Fort Wayne facility.
- The facility can now produce 48 satellite payloads annually, supporting defense and civil weather programs.
- L3Harris currently manages 5 satellites in orbit and has 34 satellites under development.
L3Harris Technologies (LHX) has finalized a significant $125 million expansion of its space manufacturing facility in Fort Wayne, Indiana. The newly expanded 95,000-square-foot facility aims to bolster the Department of Defense's capabilities with on-orbit technology, contributing to America's strategic missile defense programs. This development enhances L3Harris's capacity to produce up to 48 payloads annually.
The expansion comes at a pivotal time as L3Harris continues to support defense initiatives such as the Space Development Agency's Tracking Layer and the Missile Defense Agency's Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program. L3Harris currently has five satellites in orbit and 34 satellites in various stages of development, showcasing its robust defense contract pipeline.
Beyond defense, the expansion also aims to increase satellite production capacity for civil weather programs globally, allowing L3Harris to diversify its revenue streams. The integration of space, air, land, sea, and cyber domains remains at the forefront of L3Harris's strategy, ensuring comprehensive support for national security needs.
The Fort Wayne facility enhancement reflects L3Harris's commitment to delivering end-to-end technology solutions while contributing to the local economy with new job opportunities. This expansion underscores the company's strategic focus on growth within the aerospace and defense sector, aligning with its goal to build a "Golden Dome" around the United States.
