Business Wire
BusinessAMD and Cisco link up on AI infrastructure in Saudi Arabia, lifting shares as details remain thinThe Apex TimesBusinessAdobe’s “$4 billion Saudi AI giveaway” spooks headlines, but investors shruggedThe Apex TimesBusinessBaird points to accelerating enterprise AI adoption as reason for bullish view on PalantirThe Apex TimesBusinessOracle’s Contracted Backlog Surpasses $600 Billion, Highlighting the Gap Between Promised Revenue and Market ValueThe Apex TimesBusinessExxon Mobil rises about 2% as oil rebounds, but misses a key Washington gas-price forumThe Apex TimesBusinessEnergy stocks lift as oil prices rise again, pulling Exxon Mobil and peers higherThe Apex TimesBusinessTim Cook’s Goodbye Note to Apple Staff Marks a 15-Year Run at the TopThe Apex TimesBusinessTesla’s revenue growth is narrowing the gap with General Motors, chart suggestsThe Apex TimesBusinessBank of America points to a shift in how gold is being positioned, Yahoo Finance reportsThe Apex TimesBusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessAMD and Cisco link up on AI infrastructure in Saudi Arabia, lifting shares as details remain thinThe Apex TimesBusinessAdobe’s “$4 billion Saudi AI giveaway” spooks headlines, but investors shruggedThe Apex TimesBusinessBaird points to accelerating enterprise AI adoption as reason for bullish view on PalantirThe Apex TimesBusinessOracle’s Contracted Backlog Surpasses $600 Billion, Highlighting the Gap Between Promised Revenue and Market ValueThe Apex TimesBusinessExxon Mobil rises about 2% as oil rebounds, but misses a key Washington gas-price forumThe Apex TimesBusinessEnergy stocks lift as oil prices rise again, pulling Exxon Mobil and peers higherThe Apex TimesBusinessTim Cook’s Goodbye Note to Apple Staff Marks a 15-Year Run at the TopThe Apex TimesBusinessTesla’s revenue growth is narrowing the gap with General Motors, chart suggestsThe Apex TimesBusinessBank of America points to a shift in how gold is being positioned, Yahoo Finance reportsThe Apex TimesBusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessAMD and Cisco link up on AI infrastructure in Saudi Arabia, lifting shares as details remain thinThe Apex TimesBusinessAdobe’s “$4 billion Saudi AI giveaway” spooks headlines, but investors shruggedThe Apex TimesBusinessBaird points to accelerating enterprise AI adoption as reason for bullish view on PalantirThe Apex TimesBusinessOracle’s Contracted Backlog Surpasses $600 Billion, Highlighting the Gap Between Promised Revenue and Market ValueThe Apex TimesBusinessExxon Mobil rises about 2% as oil rebounds, but misses a key Washington gas-price forumThe Apex TimesBusinessEnergy stocks lift as oil prices rise again, pulling Exxon Mobil and peers higherThe Apex TimesBusinessTim Cook’s Goodbye Note to Apple Staff Marks a 15-Year Run at the TopThe Apex TimesBusinessTesla’s revenue growth is narrowing the gap with General Motors, chart suggestsThe Apex TimesBusinessBank of America points to a shift in how gold is being positioned, Yahoo Finance reportsThe Apex TimesBusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessAMD and Cisco link up on AI infrastructure in Saudi Arabia, lifting shares as details remain thinThe Apex TimesBusinessAdobe’s “$4 billion Saudi AI giveaway” spooks headlines, but investors shruggedThe Apex TimesBusinessBaird points to accelerating enterprise AI adoption as reason for bullish view on PalantirThe Apex TimesBusinessOracle’s Contracted Backlog Surpasses $600 Billion, Highlighting the Gap Between Promised Revenue and Market ValueThe Apex TimesBusinessExxon Mobil rises about 2% as oil rebounds, but misses a key Washington gas-price forumThe Apex TimesBusinessEnergy stocks lift as oil prices rise again, pulling Exxon Mobil and peers higherThe Apex TimesBusinessTim Cook’s Goodbye Note to Apple Staff Marks a 15-Year Run at the TopThe Apex TimesBusinessTesla’s revenue growth is narrowing the gap with General Motors, chart suggestsThe Apex TimesBusinessBank of America points to a shift in how gold is being positioned, Yahoo Finance reportsThe Apex TimesBusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex Times
Back to front
L3Harris wins up to $106M U.S. Army order for VAMPIRE to bolster counter-drone capability
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 11, 12:51 PM EDT

L3Harris wins up to $106M U.S. Army order for VAMPIRE to bolster counter-drone capability

The award, reported by Yahoo Finance, adds momentum to L3Harris’ rocket-based counter-UAS portfolio as the military leans into faster, scalable ways to defeat small drones.

L3Harris (NYSE: LHX) has secured an order valued at up to $106 million from the U.S. Army for its VAMPIRE counter-drone system, according to a report by Yahoo Finance on June 11. The deal is positioned as an additional step in building layered defenses against unmanned aircraft, particularly the growing threat from small, commercially available drones.

VAMPIRE is marketed as a mobile, modular counter-drone solution designed to fit into existing vehicle and base-defense concepts. In practical terms, systems in this category aim to detect and engage drones quickly, providing a defense layer between manned weapons and more complex, slower-to-deploy options.

The Yahoo Finance report frames the procurement as part of broader demand for “fast, affordable systems,” reflecting the urgency many militaries have placed on countering low-cost drone attacks. For L3Harris, which operates across defense electronics and mission systems, the order reinforces its role in the counter-UAS supply chain.

While the reported total value reaches up to $106 million, the announcement did not detail, in the information available here, how much of the total is for initial production versus later deliveries, or whether additional lots could be exercised under the same contract ceiling. The timing of deliveries, the specific production schedule, and the mix of components were also not disclosed in the Yahoo Finance post.

For the defense sector, the procurement underscores a trend toward scalable counter-drone architectures. Rather than relying on a single, dedicated site defense, militaries are increasingly interested in systems that can be fielded in multiple locations, integrated with different sensors or effectors, and expanded as drone threats evolve. Rocket-based approaches are often attractive because they can be produced and fielded at speeds that align with rapid operational needs.

Still, key elements remain unclear. The report does not provide the contract’s duration, the identity of any subcontractors involved in production, or any performance details tied to the acquisition. It also does not spell out which Army units or installations will receive the systems first, leaving uncertainty about how quickly the capability will translate from procurement to widespread deployment.

What to watch next is whether the Army provides further contract documentation or whether L3Harris discusses the award in an earnings release or investor presentation. Investors and defense watchers will also look for follow-on orders that either expand production volumes or broaden adoption of VAMPIRE within additional mission sets and force structures.

Why It Matters

  • The order indicates continued U.S. Army investment in counter-UAS capabilities, a priority shaped by the pace of drone-related threats.
  • A VAMPIRE follow-through at this scale could help L3Harris deepen exposure to a segment where governments are seeking quicker fielding cycles.
  • Layered counter-drone procurement suggests the Army is balancing different detection and engagement options rather than betting on a single technology path.

Sources

Key Facts

  • L3Harris (NYSE: LHX) reportedly received an order from the U.S. Army for VAMPIRE valued at up to $106 million.
  • The reported procurement is described as supporting a layered counter-drone defense approach.
  • Yahoo Finance characterizes the demand environment as rising for fast, affordable counter-UAS solutions.
  • No additional contract specifics were disclosed in the information available here, including delivery timing or the breakdown of initial versus potential future lots.

Defense Related

L3Harris wins up to $106M U.S. Army order for VAMPIRE to bolster counter-drone capability | The Apex Times