MELBOURNE, Fla., April 18, 2023 — L3Harris Technologies (NYSE: LHX) announced a contract expansion with OEMServices to provide pilot training equipment more rapidly with lower logistical costs to airlines and pilot training centers.
The contract with OEMServices, a leading global logistics solution expert, provides year-round customer access to crucial inventory for L3Harris’ full-flight and flat-panel simulators and pilot-training equipment. Expanding current agreements for the commercial surveillance, avionics and flight recorder products, the partnership leverages OEMServices’ global presence in the industry, providing customers with quicker response, regional inventory and reduced procurement costs.
“This agreement aligns all aircraft on ground support functions across L3Harris under a single, trusted global logistics and support partner,” said Adrian Paull, Vice President of Customer Support, L3Harris Commercial Aviation. “It aligns perfectly with our strategy to actively empower customers to leverage the full value of our technologies with the lowest practical cost of ownership.”
The partnership between L3Harris and OEMServices has grown over the last ten years, including this expansion for L3Harris’ commercial pilot training equipment. Under the new agreement, OEMServices will maintain spare parts for simulators and training devices in their Shanghai and Atlanta facilities by the middle of 2023 and in their Dubai, Paris and Singapore facilities by the end of 2023, enabling customers to resume pilot training quickly and cost effectively with minimal disruptions.
About L3Harris Technologies
L3Harris Technologies is a Trusted Disruptor for the global aerospace and defense industry. With customers’ mission-critical needs always in mind, our 46,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains.
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. Procurement costs and OEMServices stocking locations 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.
# # #
