L3Harris Selects JPMorgan, Morgan Stanley for Up to $2 Billion IPO of Missile Unit Axyv
L3Harris Technologies has selected JPMorgan and Morgan Stanley to lead a potential initial public offering of Axyv, its missile unit, that could raise up to $2 billion, according to people familiar with the matter.
Axyv sits within one of the largest US defense contractors. Reports put the potential size of the deal at as much as $2 billion, underscoring the scale of the listing L3Harris is considering.
From the sources (3 posts)
@wallstengineL3HARRIS $LHX MISSILE ARM SAID TO TAP BANKS FOR UP TO $2 BILLION IPO
@firstsquawkL3HARRIS MISSILE ARM SAID TO TAP BANKS FOR UP TO $2 BILLION IPO || L3HARRIS' AXYV IS SAID TO PICK JPMORGAN, MORGAN STANLEY FOR IPO
@businessL3Harris Technologies, one of the largest US defense contractors, has selected banks to lead the initial public offering for Axyv, its missile unit, sources say