Pentagon to invest $1 billion in L3Harris rocket motor business
The U.S. government will invest $1 billion in L3Harris Technologies’ (LHX) rocket motor business, guaranteeing a steady supply of the much-needed motors used in a wide range of missiles such as Tomahawks and Patriot interceptors. The deal represents the latest U.S. government investment in Corporate America, which has included a 10% stake in chip maker … Read more