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U.S. Defense Department Invests $1 Billion in L3Harris for Rocket Motor Business

DEFENSE

The U.S. Defense Department has invested $1 billion in L3Harris Technologies to bolster its missile-solutions business, with plans for the investment to convert to common stock during an IPO in 2026. This initiative aims to strengthen missile motor supply chains and reshape defense production strategies, although it has raised concerns regarding potential conflicts of interest due to the Pentagon's stake in a competitor for government contracts.

U.S. Defense Department Invests $1 Billion in L3Harris for Rocket Motor Business
Jan 14, 2026, 4:38 PM

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