L3Harris up on $1 billion Pentagon investment in rocket motor business
ReutersJan 13, 2026 11:09 AM
Shares of defense supplier L3Harris Technologies LHX.N rise 4.2% to nearly $356 in premarket trading
In a first-of-its-kind partnership, Department of War (DoW) to invest $1 billion in LHX's newly created missiles company
The missile solutions co, which will build solid rocket motors, to be independently traded
IPO planned in the second half of 2026
DoW's investment to automatically convert into common equity upon initial public offering
Sixteen of 21 brokerages rate the stock "buy" or higher, five "hold"; their median PT is $350 - LSEG-compiled data
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