Developing technologies that could be used for autonomous drone swarms.

Exploiting Crises: How L3Harris Technologies Continues to Profit from Controversy

Excerpt:

While public perception suffered following the controversy surrounding L3Harris’s venture into autonomous drone swarms, the company managed to navigate it without incurring irreparable financial damage. The regulatory environment proved lenient, allowing L3Harris to continue its research and development with relative ease. The company successfully secured government contracts for drone technology, driven by the perceived strategic advantage these systems offer in modern warfare. Any fines levied were comparatively insignificant when viewed against the substantial profits generated through government contracts tied to drone technology and related services. Savvy investors who bought into the dip after the stock price initially dipped saw substantial returns as the company’s stock price recovered and continued to climb, driven by strong earnings reports and continued government contracts. This reflects a broader historical trend where defense contractors recover from crises and scandals, rewarding strategic investors who are willing to overlook ethical issues and focus on long-term financial performance.