L3Harris Files for IPO of Its Missile Solutions Business
L3Harris has confidentially filed for an IPO of its missile solutions business, with the number of shares and price range yet to be determined. The company previously announced plans to spin off its rocket motor business, backed by a $1 billion U.S. government investment that will convert to equity upon the IPO. The move aims to ensure a steady supply of missile motors for defense systems.
Tickers: $LHX
Topics: defense industry government investment IPO L3Harris missile business