L3Harris closes $1B defense investment for missile production expansion
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L3Harris Closes $1B Investment from Department of War in Missile Solutions Business
April 23, 2026 6:00 AM EDTWASHINGTON--(BUSINESS WIRE)-- L3Harris Technologies (NYSE: LHX) has closed a $1 billion strategic investment from the Department of War (DoW) in its Missile Solutions (MSL) business, which it will use to expand and modernize facilities, accelerate research and development, and increase production capacity for critical national security technologies.
The investment from the DoW is in the form of a convertible preferred security of the MSL business, which will convert into common equity upon an initial public offering (IPO). In addition, the DoW will receive certain warrants to purchase common stock in... More
