L3Harris delays missile business IPO to 2027 despite surging defense demand

L3Harris delays missile business IPO to 2027 despite surging defense demand

L3Harris delays Missile Solutions IPO to mid-2027, citing undervalued markets despite 14% growth and $20B+ contract negotiations. Market timing trumps growth: even strong defense suppliers defer exits when equity valuations misreprice capital-intensive, mission-critical businesses.