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Stock impact report

L3Harris Technologies plans $1.3B solid rocket motor expansion in Virginia [Yahoo! Finance]

L3Harris Technologies, Inc. (LHX) 
Last l3harris technologies, inc. earnings: 2/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Dive Brief: Defense contractor L3Harris Technologies is spending $1.3 billion to increase its solid rocket motor manufacturing capacity at its operations in Orange County, Virginia, Gov. Abigail Spanberger announced Wednesday. The company's plans include establishing an advanced propulsion campus, which will provide mixing, grinding, casting and final assembly support for SRM production under multiple Department of Defense programs, according to L3Harris' press release. L3Harris' announcement builds on the SRM manufacturer's $41.2 million expansion plans from April 2024. The company broke ground on five SRM facilities that will be robotically enabled and include a casting and assembly center. Dive Insight: The $41.2 million project will support Javelin propulsion and is expected to be completed this year, a spokesperson for L3 Harris said in an email Thursday. The billion-dollar Virginia APF campus project will create more than 350 jobs over the next five years, according Show less Read more
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