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The funding marks the first ‌direct-to-supplier partnership of this sort and is an outcome of the division’s new Acquisition Transformation Technique and its “Go Direct-to-Supplier” initiative. However the government’s equity position in L3Harris may face blowback from L3Harris’ rivals given it creates a probably significant battle of interest for the us authorities. The investment in Intel has been a boon for the corporate, ‍whose shares have greater than doubled because the announcement. Commerce Secretary ‌Howard Lutnick final August stated the Trump administration was weighing equity stakes in major protection contractors, including Lockheed Martin .