L3Harris receives $1 billion Department of War investment to expand missile production capacity and facilities

L3Harris closes $1bn DoW investment in missile solutions business

L3Harris Technologies has finalised a $1bn investment from the Department of War aimed at boosting its Missile Solutions operations.

L3Harris receives $1 billion Department of War investment to expand missile production capacity and facilities

The investment is structured as a convertible preferred security that will convert into common equity following an initial public offering. The Department of War will also receive warrants to purchase additional common stock in the business. L3Harris said it plans to pursue an IPO of its Missile Solutions unit in the second half of 2026, subject to market conditions. The company will remain the majority shareholder, retaining more than 80 percen…