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Business/Financial

L3Harris Marks Progress On DoD Contract To Increase SRM Capacity

By Cal Biesecker

Monday, May 13th, 2024

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L3Harris Marks Progress On DoD Contract To Increase SRM Capacity

A Javelin missile is fired

L3Harris Technologies’ [LHX] Aerojet Rocketdyne company is acquiring new equipment, designing new facilities, and moving some manufacturing under a year-old Defense Department contract to increase production capacity for solid rocket motors (SRMs) primarily in support of three missile and rocket systems, the company said last week. As part of the expansion and modernization effort under the $215.6 million contract from DoD’s Office of Manufacturing Capability Expansion and Investment Prioritization, Aerojet Rocketdyne is moving manufacturing of solid rocket motors for Javelin…

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