Ken Bedingfield

L3Harris is sharpening its portfolio around national security by selling a majority stake in its Space, Propulsion and Power business to HP Industrial, retaining 40%, and using proceeds to invest in missile capacity. The company says it is working with defense primes and the Department of War to accelerate critical missile programs, especially solid rocket motors and electronics, and is investing in new equipment, automation, and factories to expand capacity for the U.S. and allies. Management also says the transaction creates a growth partner for the space propulsion business and more competition in aerospace and defense, while L3Harris products remain embedded across major U.S. warfighter missions.