The Pentagon is investing $1 billion into L3Harris’s solid rocket motors business, which the company intends to spin off as a separate, publicly held company later this year.The agreement, announced yesterday, allows the Defense Department to take a direct ownership stake in L3Harris’s Missile Solutions business, with an initial public offering of that division planned in the second half of 2026.“We are not just writing a check that we hope will add capacity in the industrial base,” Michael Duff...
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