L3Harris Technologies (LHX) Stock Surges 11% on $1 Billion Pentagon Deal

TLDR Pentagon investing $1 billion in L3Harris Technologies’ rocket motor business through convertible securities L3Harris will spin off its Missile Solutions unit into a new public company with IPO planned for second half 2026 Government’s investment represents first direct-to-supplier partnership under Pentagon’s new acquisition strategy LHX shares jumped 11.4% in pre-market trading following the announcement [...]

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