Department of War Announces $1 Billion Direct-to-Supplier Investment to Secure the U.S. Solid Rocket Motor Supply Chain
The Department of War (DoW), working in partnership with L3Harris Technologies, announced the signing of a letter of intent outlining agreed-upon investment terms pivotal to expanding the production capacity of U.S. solid rocket motors. The announcement marks the first direct-to-supplier partnership of this kind, with the DoW committing to a $1 billion convertible preferred equity investment in L3Harris' Missile Solutions business.