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A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in an L3Harris Technologies [LHX] business that makes solid rocket motors (SRMs), as legislators suggest the funds come at the expense of establishing other second source suppliers of the motors for various weapon systems. The committee repeats previous directives Congress has made for DoD to add new SRM suppliers and to…
