Key facts
- L3Harris Technologies has selected banks to lead the initial public offering for its missile unit, Axyv.
- Axyv is the missile unit of L3Harris Technologies.
- L3Harris Technologies is one of the largest US defense contractors.
L3Harris Technologies, a prominent US defense contractor, has taken a significant step towards potentially spinning off its missile business by selecting banks to lead the initial public offering (IPO) for its unit, Axyv. This move signals a strategic decision by the company to separate its missile operations.