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Benzinga
Benzinga
Business
Akanksha Bakshi

L3Harris Partners With Shield Capital To Aid Emerging Defense, Commercial Technologies

L3Harris SHIELD LHX L3Harris Technologies Inc NYSE
  • L3Harris Technologies Inc (NYSE:LHX) and venture capital firm Shield Capital have established a strategic partnership to accelerate defense, commercial technology solutions.
  • In partnership with Shield, L3Harris will quickly identify, fund, and then guide technology development and solutions that will solve urgent national security needs.
  • The agreement provides L3Harris access to disruptive innovators for technology transfer, teaming arrangements, direct investments or potential acquisitions, and partnered contracts.
  • "This is in direct response to our customer demands: rapidly deliver game-changing technology that can adapt to stay ahead of global threats," said Christopher E. Kubasik, Vice Chair and CEO, L3Harris.
  • Price Action: LHX shares are trading lower by 1.38% at $246.01 on the last check Tuesday.
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