L3Harris and Accenture Collaborate to Accelerate Technology Reinvention for Growth

Rhea-AI Summary

L3Harris Technologies (NYSE:LHX) has entered into a strategic collaboration with Accenture (NYSE:ACN) to accelerate its technological transformation under the 'LHX NeXt' initiative. The partnership will focus on building a robust digital core, optimizing operations, and fostering future growth.

Key aspects include leveraging Accenture’s expertise in cloud, infrastructure, and application services to enhance agility and scalability. Some L3Harris IT professionals will transition to Accenture, gaining industry-specific training and new technological skills.

Benefits of the collaboration include improved cost management, enhanced customer service through innovative software and systems, and enriched employee experiences with new enterprise resources and tools.

Positive

• L3Harris will leverage Accenture’s cloud, infrastructure, and application services to enhance agility and scalability.
• The collaboration will result in a consolidated, standardized, and modernized IT environment with better financial management.
• Customers will benefit from more innovative software, hardware, and systems, improving service delivery.
• L3Harris IT professionals transitioning to Accenture will gain access to new enterprise resources, business systems, training, and tools.
• L3Harris aims to reinvest IT infrastructure and application savings back into the business.

Negative

• A portion of L3Harris’ IT professionals will be transitioned to Accenture, potentially raising employee retention and morale concerns.
• The success of the initiative is contingent on the effective integration and collaboration with Accenture, posing risks if not managed well.

Digital core will enable innovation, service improvements and affordability at L3Harris

NEW YORK--(BUSINESS WIRE)-- L3Harris Technologies (NYSE:LHX) announced a strategic collaboration with Accenture (NYSE:ACN) to accelerate its technology reinvention. The initiative, part of L3Harris’ LHX NeXt transformation, is centered around building a strong digital core and establishing new ways of working that will help optimize operations and enable future growth.

L3Harris will leverage Accenture’s deep industry expertise and digital skills steeped in cloud, infrastructure, and application services to drive increased agility, scalability and improved user experiences. As part of this collaboration, a portion of L3Harris’ IT professionals will join Accenture, where they will benefit from industry-specific training, new technology and operational skills development.

“Our relationship with Accenture will enable us to modernize and automate our IT infrastructure at an accelerated rate,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “As the industry’s Trusted Disruptor, we are continually identifying ways to unlock innovation so that we can deliver even greater value to our customers.”

This innovation-focused, managed service approach will provide L3Harris’ business operations, customers and team members with benefits including:

• Improved cost structure: The new governance of the IT organization will result in a consolidated, standardized and modernized IT environment with better financial management.
• Enhanced customer service and delivery: Customers will benefit from more innovative software, hardware, and systems as L3Harris continues to reinvest IT infrastructure and application savings back into the business.
• Enriched talent experience: People in the IT organization will have access to new enterprise resources, business systems, training and tools, enabling them to do their best work.

“Building a strong digital core will enable L3Harris to more quickly harness the potential of cloud and automation, take its customer service and people experience to the next level, and accelerate its ongoing reinvention,” said Julie Sweet, Chair and CEO, Accenture. “We are excited to work together to help L3Harris optimize operations, drive growth and reach new levels of performance across the business.”

About L3Harris Technologies

L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our ~50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth, and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 742,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise, and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners, and communities. Visit us at www.accenture.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. All statements that are not historical fact, including our plans, strategies and objectives related to our collaboration with Accenture, are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240617227081/en/

Media Contacts:

Sara Banda

L3Harris Corporate

Media@L3Harris.com

321-306-8927

Aleks Vujanic

Accenture Corporate Communications

Aleks.Vujanic@Accenture.com

44 7500 974 814

Source: L3Harris Technologies

FAQ

What is the recent collaboration between L3Harris and Accenture?

L3Harris Technologies has partnered with Accenture to accelerate its technological transformation under the 'LHX NeXt' initiative.

How will the L3Harris and Accenture collaboration benefit L3Harris?

The collaboration aims to build a robust digital core, enhance agility, scalability, improve cost management, and provide innovative software and systems for better customer service.

What will happen to the L3Harris IT professionals as a result of the collaboration with Accenture?

Some L3Harris IT professionals will transition to Accenture, where they will benefit from industry-specific training and new technological skills.

What is the 'LHX NeXt' initiative mentioned in the L3Harris and Accenture collaboration?

The 'LHX NeXt' initiative is L3Harris’ strategic effort to build a strong digital core and establish new ways of working to optimize operations and enable future growth.

How will L3Harris customers benefit from the collaboration with Accenture?

Customers will benefit from more innovative software, hardware, and systems, resulting in enhanced service delivery.