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L3Harris Locks In $1 Billion DoW Deal to Supercharge Missile Production

3D Printing Industry·Paloma Duran·about 1 month ago
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#3dprintingindustry#defense#l3harris#production#investment#missile
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U.S. defense contractor L3Harris Technologies has finalized a $1 billion investment from the Department of War (DoW) into its newly formed Missile Solutions (MSL) business. The capital will flow toward expanding facilities, accelerating research and development, and increasing production capacity for technologies the Pentagon considers critical to national security. The investment takes the form of a convertible preferred security in MSL, structured to convert into common equity upon an initial public offering. The DoW will also receive warrants to purchase common stock in the unit. L3Harris has signaled its intent to take MSL public in the second half of 2026, subject to market conditions. “This strategic partnership with the Department of War is a testament to the critical role L3Harris plays in our national security,” said Christopher Kubasik, Chairman and CEO, L3Harris.…

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