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0.000500242764871234 0.000345756028661155 0.0012800329571704 -0.00236879662188989 -0.0101725837538804 -0.00604705224594274 0.00413435932143549 0.00413435932143549
Stock impact report

Pentagon to invest $1B in L3Harris spinoff rocket motor firm [Yahoo! Finance]

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
L3Harris will spin off its Missile Solutions business into a separate company as part of the direct-to-supplier partnership, the company and the Pentagon said in their respective statements announcing the signing of a letter of intent on the deal. The Pentagon said its investment will support Missile Solutions' — a division formed after the company's 2023 acquisition of Aerojet Rocketdyne — effort to expand capacity on critical missile programs such as the Army's PAC-3, or Patriot Advanced Capability, and THAAD, or Terminal High Altitude Area Defense system, and the Navy's Tomahawk and Standard Missile. The investment will provide up-front cash and stability that the new L3Harris spinoff will need to increase its solid rocket motor production, modernize its facilities and improve industrial resilience, the Pentagon said. And the department said this partnership will allow it and L3Harris to negotiate multiyear procurement framework agreements. The Pentagon said this new approac Show less Read more
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