Pentagon takes $1bn stake in L3 Harris missile motors unit, stoking competition concerns
TL;DR Summary
The U.S. Pentagon is investing $1 billion in L3 Harris's missile-motors business via convertible preferred equity that will spin off into a new public company, with an IPO expected in late 2026. The move aims to bolster domestic rocket-motor supply for missiles like Patriot and Tomahawk, but it raises questions about conflicts of interest and competition in the defence industry.
Topics:business#aerospace-and-defence#competition#defence-industry#l3-harris#missile-motors#pentagon
- Pentagon invests $1bn in US missile motor unit of defence group L3 Harris Financial Times
- Pentagon to invest $1B in L3Harris spinoff rocket motor firm Defense News
- Trump’s War Department invests $1 billion to get pre-IPO shares of this rocket-motor maker MarketWatch
- Pentagon Investing $1 Billion in L3Harris’s Rocket Motor Business The Wall Street Journal
- Vinson & Elkins Advises L3Harris on Partnership with Department of War Yahoo Finance
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