L3Harris stock edges up as Pentagon puts $1 billion into missile unit spinoff plan
New York, Jan 14, 2026, 13:08 ET — Regular session L3Harris Technologies shares climbed Wednesday after the defense contractor announced the Pentagon would pump $1 billion into its Missile Solutions unit. The funding comes ahead of a planned IPO in the second half of 2026. The investment will take the form of a convertible preferred security that automatically converts into common stock after the IPO, with L3Harris retaining control.