L3Harris Missile Unit Axyv Selects JPMorgan, Morgan Stanley for IPO
L3Harris Technologies Inc., a leading U.S. defense contractor, has reportedly chosen banks to lead the initial public offering (IPO) for its missile unit, Axyv. JPMorgan and Morgan Stanley have been selected for this role, indicating a significant step toward Axyv's potential market debut. The move positions Axyv for an entry into the public market, backed by two major financial institutions.
L3Harris Technologies Inc., recognized as one of the largest defense contractors in the United States, has reportedly selected financial institutions to lead the initial public offering (IPO) for its missile division, Axyv.
JPMorgan and Morgan Stanley have been chosen to spearhead the IPO process for Axyv. This decision marks a significant development in preparing the missile unit for its potential entry into the public market.
According to Bloomberg Markets, people familiar with the matter confirmed the selection of these banks.
