L3Harris Technologies Selects Banks for Axyv Missile Unit IPO

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.