tiprankstipranks
Advertisement
Advertisement

L3Harris announces $1B expansion to boost solid rocket motor production

L3Harris Technologies (LHX), Virginia Gov. Abigail Spanberger and the Orange County Board of Supervisors have announced an agreement to further expand L3Harris’ solid rocket motor production capacity at its site in Orange County with the creation of the Virginia Advanced Propulsion Facilities. The more than $1B expansion project, which builds on a previously announced expansion at the Orange County site, is expected to more than double the manufacturing space and create more than 350 jobs over the next five years. L3Harris plans to construct new facilities at the site to support key solid rocket motor production operations spanning multiple Department of War programs. The VAPF will support company operations such as mixing, grinding, casting and final assembly.

Claim 55% Off TipRanks

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1