L3Harris plans to spin off missile unit with $1B DoD investment
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/26/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Fox Factory sells Marucci Sports for $225M, cuts debt
L3Harris Accelerates ‘Arsenal of Freedom’ with Creation of a New Missile Solutions Company
January 13, 2026 5:55 AM ESTDoW to invest $1B in planned independently traded Missile Solutions business
WASHINGTON--(BUSINESS WIRE)-- L3Harris Technologies (NYSE: LHX) has announced a first-of-its-kind proposed partnership with the Department of War (DoW) to significantly increase capacity to build solid rocket motors that power vital U.S. and allied missiles.
L3Harris and the DoW have agreed to the terms of a proposed DoW investment in L3Harris Missile Solutions business through a $1 billion convertible preferred security, which would automatically convert into common equity upon an initial public offering... More
