L3Harris (LHX) stock jumps premarket on Pentagon’s $1 billion Missile Solutions IPO plan
NEW YORK, Jan 13, 2026, 08:02 EST — Premarket L3Harris Technologies (LHX) shares surged roughly 10% to $376.04 in premarket trading Tuesday following the announcement of its plan to spin off the Missile Solutions unit, supported by a $1 billion U.S. government investment. The defense contractor said it aims for an initial public offering, or IPO, in the latter half of 2026. The Pentagon announced funding to boost U.S. solid rocket motor capacity — the engines powering missiles post-launch. It labeled this the first-ever “direct-to-supplier” partnership of its kind, with plans for multi-year procurement deals, contingent on congressional approval and