Pentagon backs L3Harris rocket-motor unit, eyeing 2026 IPO

The Pentagon will invest $1 billion in L3Harris’s rocket-motor business, carving out a Missile Solutions unit into a new majority-controlled entity that will go public in 2026 via an IPO backed by a government convertible security, securing steady supply of solid rocket motors for missiles like Patriot and Tomahawk under a Go Direct-to-Supplier strategy; the arrangement could draw regulatory scrutiny over conflicts of interest as it ties government equity to a defense contractor.