Pentagon agrees to invest $1B in a new L3Harris Missile Solutions company planned for IPO

L3Harris Technologies/Missile Solutions rocket motor expansion

L3Harris will carve its solid rocket motor and missile propulsion work into a Missile Solutions company, with the Department of War investing $1B. The stake is convertible preferred stock that turns into common shares at an IPO planned for the second half of 2026.

• Missile Solutions supports PAC-3, THAAD, Tomahawk and the Standard Missile family.
• L3Harris keeps a controlling stake.
• It builds on the 2023 acquisition of Aerojet Rocketdyne.