L3Harris Technologies will help the U.S. Department of Defense (DoD) develop artificial intelligence and machine learning (AI/ML) systems to help reduce the amount of time it takes to decipher usable intelligence from increasing amounts of data collected from space and airborne assets.
L3Harris will research, develop and demonstrate an AI/ML interface using data science techniques under a new multimillion-dollar contract to support DOD applications.
“L3Harris’ work will allow the DOD to turn massive volumes of data into actionable intelligence,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris.
“The abundance of data collected by space and airborne assets is only increasing. The findings of this research will directly address the data processing challenges within the DOD and Intelligence Community,” he added.
Awarded by the U.S. Army Research Laboratory, the contract supports the DOD’s initiative to accelerate the integration of big data and AI/ML within the agency.
L3Harris will perform the work in Rochester, N.Y., Melbourne, Florida, and Herndon, Virginia.
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs.
The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries.
On 30 October 2020, L3Harris Technologies, Inc. reported third quarter 2020 revenue of $4.5 billion, up 0.7% versus prior year, and up 4.4% on an organic1 basis. GAAP net income was $430 million, down 1.1% versus prior year. Adjusted EBIT2 was $798 million, up 4.2% versus prior year, and margin expanded 60 basis points (bps) to 17.9%. GAAP EPS was $1.99, up 4.7%, and non-GAAP EPS2 was $2.84, up 10% versus prior year.
“The L3Harris team delivered a strong quarter that demonstrated integration progress, portfolio resiliency and the perseverance of our employees,” said William M. Brown, Chairman and Chief Executive Officer.
“Our on-going execution puts us in a position to deliver on an improved outlook for the year, which we'll build on over the medium term,” he added.