Trump’s War Department invests $1 billion to get pre-IPO shares of this rocket-motor maker
MarketWatch • • general
Key Points:
- Shares of L3Harris Technologies reached new record highs following a significant investment by the U.S. Defense Department.
- The Department of Defense invested $1 billion in L3Harris’s newly created missile-solutions business, signaling strong government support.
- The investment was made via convertible preferred securities, which will convert to common stock during an initial public offering (IPO).
- L3Harris plans to pursue the IPO for its missile-solutions business in the second half of 2026.
