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L3Harris Technologies was awarded a $121 million U.S. Missile Defense Agency contract to build space flight hardware to demonstrate the company’s solution for the Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program.
“Our near-peer adversaries are making rapid advancements in missile technologies, posing a threat to our forward-deployed forces, allies and nation,” said Ed Zoiss, President, L3Harris Space and Airborne Systems. “L3Harris is leveraging our long-standing expertise in infrared remote sensing, advanced processing and communications, in addition to our recent wins in responsive space missions, to enable the Missile Defense Agency to quickly field significantly more capable and cost-effective mission solutions to address these threats.”
Operator
Greetings, and welcome to the L3Harris Technologies Fourth Quarter Calendar Year 2020 Earnings Call. [Operator Instructions].
It is now my pleasure to introduce your host, Rajeev Lalwani, Vice President, Investor Relations. You may begin.
Rajeev Lalwani
Vice President of Investor Relations
Thank you, Rob. Good morning, and welcome to our fourth quarter 2020 earnings call. On the call with me today are Bill Brown, our CEO; Chris Kubasik, our COO; and Jay Malave, our CFO. First, a few words on forward-looking statements and non-GAAP measures. Forward-looking statements involve risks, assumptions and uncertainties that could cause actual results to differ materially.
Congress provides $130 million for hypersonic missile warning satellites Concept art from Northrop Grumman shows a potential architecture for defending against hypersonic missiles. (Northrop Grumman) WASHINGTON Congress increased the Missile Defense Agency’s budget by $130 million to fund a new satellite constellation capable of tracking hypersonic weapons. A satellites in low Earth orbit will provide targeting data for hypersonic weapons that are dimmer than traditional ballistics and can maneuver in flight, plugging a massive hole in the U.S. missile warning architecture. Lawmakers, who approved the appropriations package Dec. 21 by a majority wide enough to overcome a veto hinted at by President Donald Trump, had expressed concern throughout the year that the agency’s budget does not include any funding to develop the Hypersonic and Ballistic Tracking Space Sensor (HBTSS). While MDA leadership did ask Congress to fund the constellation, seeking $108 million for HBT