L3Harris closes the Pentagon's $1B investment in its Missile Solutions business

L3Harris Technologies/Missile Solutions rocket motor expansion

The Department of War's $1B investment in Missile Solutions closed. The money funds facility expansion, R&D and production capacity at motor sites including Camden, Huntsville and Orange; the Department also receives warrants on Missile Solutions stock.

• L3Harris keeps more than 80% and consolidates the business.
• Missile Solutions combines L3Harris missile work, including legacy Aerojet Rocketdyne.
• IPO then still targeted for the second half of 2026.