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Business/Financial

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

Frank Wolfe

Thursday, April 23rd, 2026

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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…

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