L3Harris Signs Agreement with Kingdom of Saudi Arabia

• The agreement continues collaborative efforts within the SAMI L3Harris joint venture signed in 2019.
• L3Harris has been a committed partner with the Kingdom of Saudi Arabia for over 50 years
• This MOU is a significant step forward in expanding our commitment to delivering and localizing key capabilities

L3Harris Technologies (NYSE: LHX) has signed a Memorandum of Understanding (MOU) with the Kingdom of Saudi Arabia’s Ministry of Investment and the General Authority for Military Industries to develop mutually beneficial investment opportunities.

“L3Harris has been a committed partner with the Kingdom of Saudi Arabia for over 50 years, and we pride ourselves on delivering the most advanced capabilities to the country,” said Jennifer Hanley, Vice President, International, L3Harris. “This MOU is a significant step forward in expanding our commitment to delivering and localizing key capabilities aligned with the Kingdom’s development plans and national security needs.”

The MOU will assess the local value chain for capabilities to support artificial intelligence applications and resilient command, control, communications, computers, intelligence, surveillance and reconnaissance solutions.

The agreement continues collaborative efforts within the SAMI L3Harris joint venture signed in 2019.