Defense Conglomerate
Appears in 2 stories
Publicly traded on Euronext Amsterdam
Europe spent three decades letting its defense industrial base wither. Now it's racing to rebuild.
Updated 6 days ago
Completed record-breaking defense IPO on Euronext Amsterdam
For three decades, the Pentagon told defense contractors to consolidate. Now it's paying $1 billion to help one spin off, taking an equity stake in L3Harris's solid rocket motor business in January 2026 — the first time it has directly invested in a defense supplier. Congress passed an $838.7 billion FY2026 defense budget with $2.9 billion for munitions and industrial capacity expansion, while Raytheon announced five framework agreements to triple Tomahawk production and double AMRAAM output.
Updated 7 days ago
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