NYSE:LHXAerospace & Defense
L3Harris Reshapes Portfolio With Missile Spin Off And Space Sale
L3Harris Technologies (NYSE:LHX) is selling 65% of its space propulsion and power systems business as part of a major restructuring.
The company plans a public spin off of its missile solutions division, backed by a US$1b investment from the US Department of Defense.
Partnership changes are set to reshape L3Harris's focus within the defense sector and its mix of businesses.
L3Harris is a large defense and aerospace contractor, with businesses across communications, space, and missile...