L3Harris pauses the Missile Solutions IPO, now aiming for mid-2027

L3Harris Technologies/Missile Solutions rocket motor expansion

L3Harris delayed the Missile Solutions IPO from the second half of 2026 to mid-2027, saying IPO markets are adjusting on valuation. It says most of the proceeds will not be needed until 2027–2029, and the Pentagon's equity stake is unchanged.

• L3Harris is negotiating about $20B of new contracts that would triple the backlog.
• CEO Chris Kubasik says the company has land and operating factories for the expansion.