finance.yahoo.com

L3Harris Receives $973M to Expand Missile Solutions Manufacturing

L3Harris Technologies logoL3Harris Technologies
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In April 2026, L3Harris entered an agreement under which its subsidiary Aerojet Rocketdyne issued preferred stock and warrants for $1 billion, providing L3Harris with $973 million in net proceeds. The funds are earmarked for development and construction to expand manufacturing in the Missile Solutions segment, alongside a planned AXYV subsidiary structure and potential stock conversion after a qualified IPO by Dec. 31, 2027.

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