L3Harris will deliver low-cost cruise missiles to the U.S. Marine Corps by the end of the next year under a newly awarded contract worth $86.2 million.
L3Harris expects its new Missile Solutions unit, which combines Aerojet-Rocketdyne with critical missile systems, to generate $4.4 billion in revenue this year.
The Royal Australian Air Force has taken delivery of its first MC-55A Peregrine intelligence, surveillance, reconnaissance and electronic warfare aircraft.
The U.S. military plans to spend $1 billion to take an ownership stake in a future L3Harris Technologies spin-off focused on solid rocket motor production for tactical missiles.
AE Industrial Partners will buy a majority stake in the RL-10 upper-stage rocket and space nuclear propulsion businesses from L3Harris for $507 million.
Rocket Lab is making its missile defense development debut as the SDA awarded the company one of four contracts for the next phase of its Tracking Layer