Pentagon to invest $1B in L3Harris Missile Solutions to scale solid‑rocket motor production ahead of 2026 IPO
The Department of Defense will make a $1 billion equity investment in L3Harris's Missile Solutions unit via a convertible preferred security, supporting a spin‑off that will scale production of solid rocket motors for guided weapons and space systems. The standalone company is slated for an IPO in H2 2026.
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