DoD to invest $1 billion in L3Harris Missile Solutions to secure rocket‑motor supply; IPO eyed 2026
The US Department of Defense will invest $1 billion in L3Harris's Missile Solutions unit via a convertible preferred security to shore up domestic rocket‑motor and propulsion supply chains, deepen government–industry ties and support a proposed Missile Solutions IPO targeted for 2026; L3Harris shares rose on the news.