L3Harris Closes $1B Investment from Department of War for Missile Solutions Expansion

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announced a $1 billion investment from the Department of War to support the expansion and modernization of its Missile Solutions business. The investment, in the form of convertible preferred stock, will be used to accelerate research and development and increase production capacity for critical national security technologies. L3Harris plans to pursue an IPO of the Missile Solutions business in the second half of 2026, pending market conditions. The Department of War will receive warrants to purchase common stock in the Missile Solutions business. L3Harris will remain the majority shareholder in the new business and will consolidate its financial results.

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About L3Harris Technologies Inc.

L3Harris Technologies Inc. is a leading aerospace and defense technology company offering solutions that impact security, communications, and infrastructure worldwide. Formed through the merger of L3 Technologies and Harris Corporation, L3Harris provides advanced defense systems, communication systems, and electronic systems to government and commercial customers. The company operates across various sectors including space and airborne systems, intelligence and cybersecurity, and aviation systems. It plays a pivotal role in enhancing national security through its innovative products and services, which include tactical communications, geospatial systems, avionics, and cyber security solutions. L3Harris is seen as a crucial player in the global defense industry, contributing to modernizing military capabilities and ensuring strategic technological advancements in aerospace exploration and defense operations. Its operations and technologies are integral to maintaining the functionality and security of critical infrastructure worldwide, with a commitment to meeting the evolving demands of security and defense industries.