L3Harris Technologies closed a $1 billion strategic investment from the Department of War into its Missile Solutions business. The investment utilizes a convertible preferred security structure to scale the national defense industrial base. L3Harris will use the funds to modernize facilities, accelerate research, and increase production capacity.
The capital infusion supports key missile programs including PAC-3, THAAD, Tomahawk, and Standard Missile. Production will expand at existing facilities in Arkansas, Alabama, and Virginia.
L3Harris plans to launch an initial public offering for the Missile Solutions unit in the second half of 2026. This strategic partnership aims to ensure munitions supply chain resilience amid rising global tensions.