All articles tagged with #missile motors
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.
The Defense Department invested $1 billion in L3Harris via convertible preferred securities that will convert into common stock in an IPO planned for the second half of 2026, creating a majority-owned missile-solutions unit with the government as an anchor investor but no board seats. The move aims to expand U.S. missile capacity, and L3Harris stock rose toward record closes amid a broader defense-focused rally, though congressional approval could be required for the government stake.
A tech startup is targeting missile motors as Silicon Valley moves into the defense industry. The startup, called Ursa Major Technologies, is developing a rocket engine that could be used in missiles and other military applications. The move comes as more tech companies are entering the defense industry, attracted by the potential for lucrative contracts and the opportunity to work on cutting-edge military technology.