DoW Launches $1 Billion Direct-to-Supplier Investment to Expand Solid Rocket Motor Capacity
The U.S. Department of War and L3Harris sign a letter of intent for a $1 billion convertible preferred equity investment to create Missile Solutions, expanding domestic solid rocket motor capacity and enabling multi-year procurement deals (pending Congressional authorization). The investment will modernize facilities, strengthen the munitions industrial base, and stockpile readiness, with a second-half-2026 IPO planned for the new public company.