American defense giant L3Harris (LHX.US) missile business Axyv is sprinting towards an IPO, receiving a $1 billion investment from the Pentagon, aiming to raise $2 billion.

According to the financial and economic app, a knowledgeable source revealed that L3Harris, one of the largest defense contractors in the United States, has selected an investment bank to lead the IPO for its missile business division, Axyv.