US Department of War US$1bn investment in L3Harris Missile Solutions, Apr 2026
The Department of War put US$1bn into L3Harris's new Missile Solutions business, which includes the former Aerojet Rocketdyne, to expand solid rocket motor production.
- Company
- L3Harris Missile Solutions
- Type
- Strategic investment
- Status
- Completed
- Date
- 23 Apr 2026
- Value
- US$1bn
- Value basis
- US$1bn convertible preferred security plus warrants; L3Harris keeps more than 80%
- Region
- US
- Segment
- Missiles, space and munitions
Parties
- US Department of War investor
- L3Harris Technologies parent
- L3Harris Missile Solutions issuer
Key terms
- Instrument
- Convertible preferred security of Missile Solutions, converting into common equity on an IPO, plus warrants over Missile Solutions common stock
- Announced
- 13 Jan 2026
- Closed
- 23 Apr 2026
- L3Harris stake
- More than 80%; results consolidated
- IPO
- Planned for the second half of 2026, subject to market conditions
- Use of proceeds
- Solid rocket motor facilities in Camden, Arkansas, Huntsville, Alabama and Orange, Virginia, R&D and production capacity
Sources
- L3Harris: L3Harris closes US$1bn investment from the Department of War in Missile Solutions l3harris.com · 23 Apr 2026
- SatNews: Department of Defense to take US$1bn equity stake in L3Harris Missile Solutions satnews.com · 13 Jan 2026
Record last checked against its sources on .
Record DEF-INV-2026-0036. Investments are kept apart from the financings register and never counted in debt totals.