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

L3Harris Technologies, Inc. (NYSE: LHX ) is one of the Best Space Technology Stocks to Buy Now . Recently, on July 1, L3Harris Technologies, Inc. (NYSE:LHX) announced receiving an FAA contract to upgrade and operate the nation's aircraft tracking network through 2045.

Management noted that under this contract, the company will modernize more than 700 ground stations. These stations provide real-time, satellite-based flight positioning data to air traffic controllers nationwide. Moreover, the company will also deploy advanced cybersecurity to protect airspace data and expand surveillance to track new types of aircraft entering the National Airspace System.

Management also highlighted that the company already runs the world's largest terrestrial air traffic surveillance network. The company also integrates thousands of data sources for hundreds of FAA and government facilities.

That said, the Street remains bullish on the stock, with analysts' 12-month price target suggesting more than 28.4% upside from the current level.

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Sinergia Empresarial continuará el seguimiento de esta información sobre l3Harris Technologies (LHX) Receives FAA Contract to Upgrade Aircraft Tracking Network y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.