The Pentagon has agreed to invest $1 billion into L3Harris's solid rocket motors business, with plans to spin off the division as a separate company later this year. The department will take a direct ownership stake in the business, which will be publicly traded.
Northrop Grumman's CEO Kathy Warden stated that her company has no plans to follow L3Harris' lead in allowing the Pentagon to take a financial stake in its solid rocket motors business. However, some suppliers may consider similar investments.
The US Marine Corps has selected L3Harris as the winner of its Precision Attack Strike Munition (PASM) program, worth $86.2 million. The contract will cover delivery of an unspecified number of 'Red Wolf' weapons by end of fiscal 2027.
L3Harris Technologies has been awarded a contract by Korean aerospace manufacturer to provide primary imagery for the country's next-generation geostationary weather satellite. The agreement was announced in California, and L3Harris will deliver the imaging services as part of the project.
L3Harris Technologies has sold a majority stake in its civilian space propulsion unit to private equity firm AE Industrial Partners for $845 million. The deal represents L3Harris' continued pivot towards the military space market, with Chairman and CEO Christopher Kubasik emphasizing alignment with DoD vision for a faster, more agile defense industrial base.
L3Harris has announced that its F-16 electronic warfare system, Viper Shield, has been cleared for low-rate production by the US Air Force. The company plans to deliver the first batch of systems in December 2026, with a total of 219 systems on order.
L3Harris has begun converting two Bombardier business jets into Airborne Early Warning and Control (AEW&C) aircraft for South Korea. The work is part of a $1 billion contract awarded to the US firm in September 2025, with four Global Express 6500 jets to be converted in total.
L3Harris Technologies has agreed to sell a majority stake in its Propulsion and Power Systems division to AE Industrial Partners for $845 million. The deal ensures the company's portfolio aligns with US mission priorities, according to L3Harris CEO Christopher Kubasik.
Joby Aviation has successfully flown its first hybrid-electric vertical takeoff and landing aircraft, with plans to pitch it to military customers through an agreement with L3Harris. The autonomous system will be produced by Joby but missionized for military users.
Firefly Aerospace has signed a multi-launch agreement with L3Harris for three dedicated launches on its Alpha vehicle in 2026. The contract further positions Firefly as the leader in small-lift launch services.
Firefly Aerospace announced a second multi-launch agreement with L3Harris for up to 20 Alpha launches, expanding its launch services beyond existing agreements. According to Firefly, the new agreement supports L3Harris' space business and will enable the company to provide dedicated launch options for customers.