U.S. Government to Invest $1 Billion in L3Harris Rocket Motor Division
DEFENSE
The U.S. government will invest $1 billion in L3Harris Technologies' rocket motor division to secure a steady supply of missile motors, including those for Tomahawks and Patriot interceptors. This investment will convert to equity when L3Harris spins off the unit into a publicly traded company in late 2026, amidst broader efforts to enhance the defense supply chain. The arrangement may face regulatory scrutiny due to potential conflicts of interest, although L3Harris' Missile Solutions unit will maintain majority ownership post-spin-off.

Jan 14, 2026, 8:41 PM