L3Harris Accelerates ‘Arsenal of Freedom’ with Creation of a New Missile Solutions Company

WASHINGTON--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has announced a first-of-its-kind proposed partnership with the Department of War (DoW) to significantly increase capacity to build solid rocket motors that power vital U.S. and allied missiles. L3Harris and the DoW have agreed to the terms of a proposed DoW investment in L3Harris’ Missile Solutions business through a $1 billion convertible preferred security, which would automatically convert into common equity upon an initial publ