NYSE:LHXAerospace & Defense
L3Harris Pentagon Investment And Missile Spin Off Reshape Growth Profile
L3Harris Technologies (NYSE:LHX) is set to receive a US$1b investment from the U.S. Department of Defense into its solid rocket motors business.
The company plans a public spin off of its Missile Solutions division, targeted for later in 2026.
The structure is intended to allow direct U.S. government ownership in the spun off missile business while L3Harris remains the majority shareholder.
L3Harris, a major defense and aerospace contractor, is closely tied to U.S. national security...