DALLAS, Texas — The International Air Transport Association (IATA) has awarded L3Harris Technologies (NYSE:LHX) a five-year agreement to extend and develop the Flight Data eXchange (FDX) Program as part of IATA’s industry data sharing platform – Global Aviation Database Management (GADM).
“We have been working hand-in-hand with IATA to grow and develop this service for many years. The advancements to the Flight Data eXchange Program will support the next steps of flight data analysis,” said Alan Crawford, President, Commercial Aviation, L3Harris. “Unlocking the power of big data helps operators make intelligent decisions.”
The Flight Data eXchange program is a collaborative aerospace data sharing program between IATA and airlines which allows GADM participants to, analyze and identify safety risks by comparing their own flight data against the aggregated de-identified global FDX database. This enables operators to identify risks at new destinations by sorting the data at a global, regional and airport level. L3Harris provides the technological expertise, capabilities and platform to support the FDX Program technical management.
“As Airlines turn their attention toward enhancing safety and operational management activities with big data solutions, IATA’s FDX program will support them in faster-paced data-driven safety risk management,” said Olena Vasylchenko, Director of Business Systems and Performance, IATA. “The new size and scope of FDX will provide better analysis for individual operators, while also enhancing the understanding of operations across industry as a whole.”
The contract extension provisions for 61 million flights and will greatly enhance the capability to identify macro trends and emerging systemic safety risks at the global level, as well as enable individual operators to compare their performance against industry standards.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.
The International Air Transport Association (IATA) is the trade association for the world’s airlines, representing some 290 airlines or 82% of total air traffic. IATA supports many areas of aviation activity and helps to formulate industry policy on critical aviation issues.
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 the database size, operator usability and industry collaboration 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.
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