L3Harris Advances $2 Billion AXYV Missile Spin-Off IPO
L3Harris has selected JPMorgan and Morgan Stanley to lead the upcoming IPO of its missile business AXYV. The spin-off could raise up to $2 billion in 2026.
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Pentagon Invests $1 Billion in L3Harris Missile Business Spinoff
L3Harris Technologies to spin off missile unit as standalone company with $1B Pentagon investment. IPO planned for late 2026 to boost U.S. rocket motor production capacity.
Trump Calls for $1.5 Trillion Defense Budget Hike, Claims Tariffs Will Cover Costs
President Trump proposes 50% increase in US military spending to $1.5 trillion by 2027, citing tariff revenue as funding source despite budget concerns.
Trump Bans Defense Contractor Dividends and Stock Buybacks
Defense stocks fall as Trump prohibits dividends and buybacks, caps executive pay at $5M, demanding contractors invest in equipment instead.