‘The threats are becoming higher’ — L3Harris CEO says tech is driving the future of warfare
Technology is playing a greater role in U.S. defense as the country shifts its focus from counter-insurgency to near-peer competition, L3Harris Technologies CEO Bill Brown told CNBC Thursday.
“The competition of the future, the war fight of the future, is going to be based on new technology,” Brown said in a “Mad Money” interview with Jim Cramer. “We’re aggressively leaning into this because technology is really, really going to drive the future.”
L3Harris, the aerospace and defense giant that formed via a merger between Harris Corporation and L3 Technologies about a year ago, is spending roughly 4% of its revenue on research and development in order to capitalize on the space, Brown explained. L3Harris has about $18 billion in annual revenue.
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