L3Harris Technologies (LHX) stock rises 11.4% pre-market as Pentagon invests $1B in rocket motor business spinoff. IPO planned for 2026 with government stake.

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The U.S. Department of Defense has entered into an agreement to invest $1 billion in the rocket motor business of L3Harris ...

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L3Harris is entering a $1 billion agreement with the Pentagon, an investment the company said will increase its capacity to ...

The Pentagon said its investment will help expand production capacity on critical missile programs like the PAC-3, THAAD, ...

The U.S. Department of Defense said Tuesday that it will invest $1 billion in L3Harris Technologies rocket motor business, a ...

L3Harris Technologies plans to spin off its missile business into a separate publicly traded company backed by a $1 billion ...

In a first-of-its-kind partnership, the Defense Department is taking a $1 billion stake in the business ahead of an initial ...

Their transaction announced Tuesday has multiple moving parts to it, starting with the Defense Department’s agreement to ...