L3Harris to build Skyraider II fighter for $48.4 million

The U.S. Air Force has contracted L3Harris to build the Skyraider II, a modified aircraft based on the Air Tractor AT-802U. This new fighter plane will cost about $48.4 million each, significantly less than traditional models like the F-35. Originally, the Air Force ordered 75 planes but has reduced the order to 62. The first two Skyraiders are already built, with deliveries of operational models expected to start this year. Interest in the Skyraider II extends beyond the U.S., with 22 foreign buyers showing interest. The program could generate $580 million in revenue for L3Harris, although analysts predict limited growth for the company's stock in the coming years.