Reuters
• Mike Stone
Pentagon takes $1bn equity stake in L3Harris Missile Solutions to boost solid‑rocket motor output ahead of planned 2026 IPO
The Department of Defense will invest $1 billion in L3Harris’s Missile Solutions business via a convertible preferred security as the unit is spun off and prepared for an IPO in H2 2026. The capital will fund expanded production of solid rocket motors for PAC‑3, THAAD, Tomahawk, Standard Missile and space programs.
