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Benzinga
Benzinga
Business
Akanksha Bakshi

US DoD Picks L3Harris For Artificial Intelligence Services

  • L3Harris Technologies Inc (NYSE:LHX) has been selected by the U.S. Department of Defense to deliver artificial intelligence services to improve intelligence gathering and collaboration across the defense and intelligence communities.
  • The Joint Artificial Intelligence Center (JAIC) Data Readiness for AI Development contract is a five-year blanket purchase agreement that allows the DOD to use artificial intelligence more effectively. Financial terms were not disclosed.
  • The agreement allows DOD to access data management and analytic services that will ease the process.
  • Price Action: LHX shares are trading higher by 1.07% at $241.51 on the last check Tuesday.
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