L3Harris’ Missile Solutions unit is set to receive a $1 billion investment from the US to increase domestic production of solid rocket motors for key missile systems.
The funding will be provided via a convertible preferred security, which will automatically convert into equity when Missile Solutions is taken public. L3Harris intends to pursue an IPO in the second half of 2026, establishing the unit as a standalone company supplying propulsion solutions for US and allied missile programs.
The Missile Solutions unit brings together L3Harris’ capabilities following the acquisition of Aerojet Rocketdyne, integrating development, manufacturing, and lifecycle support for offensive and defensive missiles. The Pentagon’s investment targets increased production capacity for PAC‑3, THAAD, Tomahawk, and Standard Missile programs.
L3Harris will maintain control of the company while leveraging the IPO to open growth avenues for both investors and the Department of Defense. In addition to missile propulsion, the company supports US defense programs with tactical radios, Next Generation C2 communications, Meadowlands electronic warfare equipment, and secure communications for continuity-of-government operations.
