L3Harris Introduces New Autonomous Ground Vehicle

Rhea-AI Summary

L3Harris Technologies (NYSE:LHX) has unveiled its new autonomous reconnaissance and security vehicle system, Diamondback™, at the Association of the United States Army's annual meeting. This system expands L3Harris' platform and mission system autonomy capabilities to support robotic vehicles in land environments.

Key features of Diamondback include:

• Easily reconfigurable
• Highly mobile
• Rapidly scalable
• Modular and open systems architecture
• Focus on commercial components and mobility

The open development approach of Diamondback aims to improve production ramp-up, reduce costs, increase maintainability, and accelerate technology insertions for evolving missions. L3Harris has partnered with Overland AI to provide off-road, cross-country vehicle navigation technology for Diamondback's mission systems.

Positive

• Introduction of new autonomous reconnaissance and security vehicle system, Diamondback™
• Expansion of L3Harris' autonomy capabilities into land environments
• Diamondback's design features improve production efficiency and reduce costs
• Partnership with Overland AI for advanced navigation technology

Negative

• None.

Insights

Tech Expert

L3Harris' introduction of the Diamondback™ autonomous ground vehicle represents a significant advancement in military technology. The system's modular design and open architecture are key features that could provide strategic advantages in terms of adaptability and cost-effectiveness. By focusing on commercial components and scalability, L3Harris is positioning itself to potentially capture a larger share of the growing autonomous military vehicle market.

The partnership with Overland AI for off-road navigation technology demonstrates L3Harris' commitment to integrating cutting-edge capabilities. This collaboration could enhance the Diamondback's performance in challenging terrains, a important factor for military operations. The emphasis on rapid scalability and technology insertion suggests that L3Harris is preparing for future contract opportunities and evolving military requirements.

While the immediate financial impact may be , the long-term potential for this technology could be substantial, especially if it leads to significant military contracts or expands into other sectors requiring autonomous ground vehicles.

Market Research Analyst

The unveiling of Diamondback™ at the AUSA meeting is a strategic move by L3Harris to showcase its innovation capabilities in a high-profile defense industry event. This product launch aligns with the growing trend towards autonomous systems in military operations, potentially positioning L3Harris as a key player in this emerging market segment.

The focus on open systems architecture and commercial components is particularly noteworthy. This approach could lead to reduced development and production costs, making the Diamondback™ system more attractive to budget-conscious military buyers. Additionally, the emphasis on rapid scalability and adaptability could give L3Harris a competitive edge in securing future contracts that require quick deployment and mission flexibility.

While the immediate revenue impact may be minimal, this product could open new revenue streams and strengthen L3Harris' position in the defense technology sector, potentially influencing investor sentiment positively in the long term.

WASHINGTON--(BUSINESS WIRE)-- L3Harris Technologies (NYSE:LHX) debuted its new autonomous reconnaissance and security vehicle system, Diamondback™, at the Association of the United States Army’s annual meeting this week.

“We are expanding our platform and mission system autonomy capabilities, from air and sea, to support robotic vehicles making first contact with threats in land environments,” said Ed Zoiss, President, Space and Airborne Systems, L3Harris. “The Diamondback prototype is easily reconfigurable, highly mobile and rapidly scalable due to its modular and open systems architecture as well as its focus on commercial components and mobility.”

Diamondback’s open development approach improves the ability to ramp up production, reduces costs, increases maintainability and accelerates the speed of technology insertions that support adaptation for evolving missions.

L3Harris designed Diamondback to complement existing classes of robotic vehicles and fill roles and cost profiles associated with manned vehicles. The company is partnering with Overland AI, an autonomous ground mobility business, that is providing its off-road, cross country vehicle navigation technology for the Diamondback’s mission systems.

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.

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. Statements about system capabilities 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/20241015871957/en/

Bill Barksdale

Space & Airborne Systems

Bill.Barksdale@L3Harris.com

863-338-9817



Sara Banda

Corporate

Media@L3Harris.com

321-306-8927

Source: L3Harris Technologies

FAQ

What is L3Harris Technologies' new autonomous vehicle system called?

L3Harris Technologies' new autonomous reconnaissance and security vehicle system is called Diamondback™.

Where did L3Harris (LHX) debut its Diamondback™ autonomous vehicle system?

L3Harris debuted the Diamondback™ autonomous vehicle system at the Association of the United States Army's annual meeting.

What are the key features of L3Harris' Diamondback™ autonomous vehicle system?

Key features of Diamondback™ include easy reconfigurability, high mobility, rapid scalability, modular and open systems architecture, and a focus on commercial components and mobility.

Which company is L3Harris (LHX) partnering with for Diamondback's navigation technology?

L3Harris is partnering with Overland AI, which is providing off-road, cross-country vehicle navigation technology for Diamondback's mission systems.