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L3Harris Secures $1B for Missile Solutions, Expands Production
Description
L3Harris Technologies secures $1 billion from the Defense Department for its Missile Solutions business, aiming to expand facilities, accelerate R&D, and boost production capacity. The company plans to launch an IPO in the second half of the year and is expanding solid rocket motor sites in Arkansas, Alabama, and Virginia. CEO Christopher Kubasik emphasizes the importance of this partnership for national security and innovation against emerging threats.
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