- L3Harris Technologies Inc (NYSE:LHX) is planning to acquire Israeli spyware firm NSO Group, Reuters reported, citing U.S. and Israeli media.
- The deal is expected to be finalized after being approved by Israel, the U.S., and L3Harris’ board of directors.
- A separate report published by Intelligence Online has shed light on the White House’s concerns about the deal sparking counterintelligence and security concerns.
- NSO, a surveillance firm that makes Pegasus software, is said to have spied on people’s cellphones, working for governments and other agencies.
- Tech giants like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Microsoft Corp (NASDAQ:MSFT), Dell Technologies Inc (NYSE:DELL), and Meta Platforms, Inc (NASDAQ:META) Facebook filed a lawsuit against the firm for exploiting their software systems to infect mobile devices belonging to journalists and others with malware.
- Apple Inc (NASDAQ:AAPL) filed a lawsuit against the NSO Group and its parent for holding them accountable for the surveillance and targeting of Apple users.
- Price Action: LHX shares are trading lower by 0.85% at $225.00 in premarket on the last check Wednesday.
