L3Harris Names New Missile Company Ahead of Planned Spinoff -- Market Talk

Dow Jones04-30 23:07

1107 ET - L3Harris Technologies is spinning off its missile-solutions business, confidentially submitting a draft registration statement with the SEC. The new missile company will be named AXYV, CEO Chris Kubasik says on a call with analysts. "The AXYV name is inspired by the engineering of missile guidance and positioning," he says: "The A for axes of X and Y, and the V for the velocity of the missile trajectory." L3Harris in January unveiled plans to spin off the missile segment into a separate publicly traded company, backed by a $1 billion minority investment from the Pentagon that closed last week. L3Harris will retain a controlling interest in its missile business, which will focus on making rocket parts for the U.S. and its allies, including those for Patriot, Thaad and Tomahawk missiles, following the spinoff. (connor.hart@wsj.com)

(END) Dow Jones Newswires

April 30, 2026 11:07 ET (15:07 GMT)

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The new missile company will be named AXYV, CEO Chris Kubasik says on a call with analysts. \"The AXYV name is inspired by the engineering of missile guidance and positioning,\" he says: \"The A for axes of X and Y, and the V for the velocity of the missile trajectory.\" L3Harris in January unveiled plans to spin off the missile segment into a separate publicly traded company, backed by a $1 billion minority investment from the Pentagon that closed last week. L3Harris will retain a controlling interest in its missile business, which will focus on making rocket parts for the U.S. and its allies, including those for Patriot, Thaad and Tomahawk missiles, following the spinoff. 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