Pentagon Unveils $1 Billion Equity Investment In Rocket Motor Company
A crew launches a Patriot missile during a test at White Sands Missile Range, New Mexico.
Credit: U.S. Army/John Hamilton
The U.S. military plans to spend $1 billion to take an ownership stake in a future L3Harris Technologies spinoff focused on dramatically ramping up solid rocket motor production for tactical missiles. The pending investment will acquire convertible, preferred equity in the spinoff of the L3Harris...
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