A major $1 billion investment by the Department of War into L3Harris Technologies’ missile business is expected to strengthen the nation’s solid rocket motor supply chain and could have significant implications for Huntsville, where the company already maintains a substantial manufacturing presence.
The Department of War announced Tuesday it has signed a letter of intent outlining a direct-to-supplier partnership with L3Harris, committing to a $1 billion convertible preferred equity investment in the company’s Missile Solutions business.
The division, which includes the former Aerojet Rocketdyne operations, is expected to become a separate, publicly traded company following an initial public offering planned for the second half of 2026, pending congressional authorization and appropriations…