L3Harris plans Huntsville facility expansion following $1B investment from Pentagon
In a deal that gives the government future ownership in its Missile Solutions business, L3Harris Technologies has closed a $1 billion strategic investment from the Department of War, the company announced.
The investment will be used to expand and modernize facilities – including Huntsville, accelerate research and development, and increase production capacity for critical national security technologies.
“This strategic partnership with the Department of War is a testament to the critical role L3Harris plays in our national security,” said Chairman and CEO Christopher Kubasik. “The investment will allow us to accelerate innovation and enhance our ability to deliver the advanced capabilities our warfighters need to deter and defeat emerging threats.
“We are proud to partner with the DoW to ensure the resilience of our defense industrial base for years to come.”
The investment from the DoW is in the form of a convertible preferred security of the MSL business, which will convert into common equity upon an initial public offering. In addition, the DoW will receive certain warrants to purchase common stock in MSL.
As the company announced in January, L3Harris intends to pursue an IPO of MSL in the second half of this year, pending market conditions.
L3Harris is investing billions to transform and grow its production operations at MSL in support of DoW priorities like PAC-3, THAAD, Tomahawk and Standard Missile. MSL was created in early 2026, bringing together the missile capabilities from across L3Harris, including the operations of legacy Aerojet Rocketdyne.
The DoW investment, along with future IPO proceeds and other sources of capital, will be used to further a variety of expansion and modernization efforts at solid rocket motor production facilities in Huntsville; Camden, Ark.; and Orange, Va.; among other sites.
