The capital will support the expansion and modernization of solid rocket motor production facilities in Camden, Arkansas; Huntsville, Alabama; Orange, Virginia; and other sites. These efforts are intended to enhance manufacturing operations aligned with the PAC-3, THAAD, Tomahawk and Standard Missile programs and other defense priorities. The funding will also support research and development activities related to national security technologies.
What Are the Terms of the Investment?
The War Department provided the funding through a convertible preferred security tied to the MSL business, which is set to convert into common equity upon a planned initial public offering, or IPO. The department will also receive warrants to purchase common stock. The investment, which aligns with the Pentagon’s Acquisition Transformation Strategy, was agreed upon in January. It supportsL3Harris’ plan to spin off its Missile Solutions business through a second-half 2026 public offering, subject to market conditions, while retaining a controlling stake.
“The investment will allow us to accelerate innovation and enhance our ability to deliver the advanced capabilities our warfighters need to deter and defeat emerging threats,” said L3Harris Chairman and CEO Christopher Kubasik, a three-time Wash100 Award winner.
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