Tag: government investment
2 articles
US Navy Eyes Fifth Public Shipyard to Support Expanding Fleet
The US Navy is setting its sights on building a fifth public shipyard to keep up with its rapidly expanding fleet, and ensure that multi-trillion dollar investments pay off with long-term maintenance and support. This move is a practical response to the administration's ambitious plan to dramatically increase the Navy's inventory.
DOD Invests $1 Billion in L3Harris Missile Unit Ahead of IPO
The Defense Department has just pumped $1 billion into L3Harris Technologies' missile-making unit, a strategic investment that sets the stage for a potential IPO. This major infusion of capital not only solidifies the DOD's stake but also gives them a built-in option to increase their ownership if the unit goes public.