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Pentagon Invests $1 Billion in L3Harris Technologies Ahead of 2026 IPO

DEFENSE

The U.S. government is investing $1 billion in L3Harris Technologies' rocket motor division to secure a reliable supply of rocket motors for key missile systems ahead of the company's 2026 IPO. This marks the first direct supplier partnership in defense contracting, but raises concerns about potential conflicts of interest as the government acquires an ownership stake in a contractor involved in defense bids, potentially disadvantaging competitors like Northrop Grumman.

Pentagon Invests $1 Billion in L3Harris Technologies Ahead of 2026 IPO
Jan 15, 2026, 6:00 AM

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