L3Harris Picks JPMorgan, Morgan Stanley for Axyv IPO Worth Up to $2 Billion
Updated
Updated · Bloomberg · Jun 16
L3Harris Picks JPMorgan, Morgan Stanley for Axyv IPO Worth Up to $2 Billion
2 articles · Updated · Bloomberg · Jun 16
Summary
L3Harris has chosen JPMorgan Chase and Morgan Stanley to lead the planned IPO of Axyv, its missile unit, according to people familiar with the matter.
Up to $2 billion could be raised in the listing, one person said, making it a sizable capital-markets move for one of the largest US defense contractors.
The banker selections signal the offering is advancing, though the appointments and fundraising target have not been made public.