L3Harris and Palantir Announce Strategic Partnership
October 23 2024 - 3:01PM
Business Wire
L3Harris Technologies (NYSE: LHX) and Palantir Technologies Inc.
(NYSE: PLTR) today announced a strategic partnership to propel
advanced technology development and accelerate L3Harris’ digital
transformation.
The companies’ complementary capabilities – including L3Harris’
sensors and software-defined systems and Palantir’s Artificial
Intelligence Platform (AIP) – will together enable new levels of
capability and resilient connectivity across the joint-all-domain
network, ensuring warfighters can make more informed decisions
faster to protect our nation’s security and that of our allies.
“As the industry’s Trusted Disruptor, we are committed to
collaborating with innovative partners to deliver unmatched value
to our global customers,” said Christopher E. Kubasik, Chair and
CEO, L3Harris. “Our work to date has demonstrated the meaningful
impact of integrating our capabilities, and we will build upon
these efforts to enhance performance across domains.”
"Palantir exists to support the West's most important
institutions,” said Alex Karp, co-founder and chief executive
officer of Palantir. "We're partnering with L3Harris to ensure that
the U.S. and its allies combine the West's two greatest assets — AI
dominance and cutting-edge hardware — on the battlefield.”
L3Harris and Palantir’s strategic partnership encompasses a
variety of ongoing initiatives, including collaboration on U.S.
Army programs like TITAN and efforts aligned with the U.S. Army’s
Unified Network Strategy; leveraging Palantir AIP internally at
L3Harris for enterprise-wide digital transformation initiatives;
and development and demonstration efforts with sensors, radios and
other advanced technologies. Together, Palantir and L3Harris are
investing in novel solutions that will push computing to the far
edge, from radios as sensors to orbital processing on satellites
that will help lead the future of communication and tactical
decision-making.
The companies most recently integrated L3Harris’ WESCAM MX-20
EO/IR system with Palantir’s Sensor Inference Platform (SIP), which
provided edge AI for improved target detection and delineation
during a live fly test. Having SIP integrated onto the MX-20
provided increased situational awareness, automatic target
identification, and communication, resulting in reduced operator
workload with increased effectiveness.
About L3Harris Technologies
L3Harris Technologies is the Trusted Disruptor in the defense
industry. With customers’ mission-critical needs always in mind,
our employees deliver end-to-end technology solutions connecting
the space, air, land, sea and cyber domains in the interest of
national security. Visit L3Harris.com for more information.
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at https://www.palantir.com.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may relate to, but are not limited to,
Palantir’s and L3Harris’ expectations regarding the amount and the
terms of their cooperation and the expected benefits of Palantir’s
software platforms and L3Harris’ systems and digital
transformation. Forward-looking statements are inherently subject
to risks and uncertainties, some of which cannot be predicted or
quantified. Forward-looking statements are based on information
available at the time those statements are made and based on
current expectations as well as the beliefs and assumptions of
management as of that time with respect to future events. These
statements are subject to risks and uncertainties, many of which
involve factors or circumstances that are beyond either company’s
control. These risks and uncertainties include Palantir’s and
L3Harris’ ability to meet the unique needs of our customers; the
failure of our platforms or systems to satisfy our customers or
perform as desired; the frequency or severity of any software and
implementation errors; our platforms’ or systems’ reliability; and
our customers’ ability to modify or terminate contracts. Additional
information regarding these and other risks and uncertainties is
included in the filings Palantir and L3Harris make with the
Securities and Exchange Commission from time to time. Except as
required by law, neither Palantir nor L3Harris undertakes any
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future
developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20241023671112/en/
Media Contacts:
Sara Banda L3Harris Media@L3Harris.com 321-306-8927
Morgan Gress Palantir Media@Palantir.com 716-445-1509
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