:

Business/Financial

Pentagon And L3Harris Close $1 Billion Investment For Equity Deal In Company’s Missile Solutions Business

Frank Wolfe

Thursday, April 23rd, 2026

SHARE:

Pentagon And L3Harris Close $1 Billion Investment For Equity Deal In Company’s Missile Solutions Business

Pictured is a Ukrainian Ministry of Defense photo of two Patriot batteries. Germany is now supplying Ukraine with PAC-3 missiles.

L3Harris Technologies [LHX] said on Thursday that the Pentagon has invested $1 billion from Defense Department’s Industrial Base Analysis and Sustainment (IBAS) program in the company's new Missile Solutions business, a plan that DoD and L3Harris announced in January. In the second half of 2026, Missile Solutions (MSL) is to become a new company upon an initial public offering (IPO), "pending market conditions," and L3Harris will retain a more than 80 percent ownership stake in the new company, L3Harris said…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]