Investing.com -- L3Harris Technologies Inc. has chosen banks to lead the initial public offering of Axyv, its missile unit, according to a report from Bloomberg News, citing people familiar with the matter.
JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley (NYSE:MS) will lead the offering, said the people, who asked not to be identified as the information is not public. The listing could raise as much as $2 billion, one of the people said.
The company could go public as soon as next month, the people said, after filing confidentially for a listing in April. Additional banks could be added to the lineup, the people said.
L3Harris Technologies is one of the largest defense contractors in the United States.
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