Pentagon backs L3Harris rocket-motor spinoff with $1B investment

The Pentagon will provide a $1 billion anchor investment to L3Harris’s Missile Solutions spinoff (born from Aerojet Rocketdyne) to expand solid rocket motor production for key missiles including the Army’s PAC-3/THAAD and the Navy’s Tomahawk, fund facility modernization, and enable multiyear procurement agreements. The standalone company is slated for a late-2026 IPO, with L3Harris maintaining controlling interest; the move is part of a direct-to-supplier strategy to bolster the U.S. munitions supply chain.