L3Harris Technologies (NYSE: LHX) submitted a confidential draft registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Missile Solutions business.

The company filed the Form S-1 document as part of preparations to spin off the missile unit through a public stock offering. L3Harris has not disclosed the number of shares or price range for the proposed IPO.

The offering remains subject to market conditions and completion of the SEC's review process. The company stated the announcement complies with Rule 135 under the Securities Act of 1933.

L3Harris emphasized that the press release does not constitute an offer to sell securities, and any future offers or sales will follow Securities Act registration requirements.

The Melbourne, Florida-based defense technology company operates across space, air, land, sea and cyber domains for national security applications.