L3Harris (LHX) Selects JPMorgan, Morgan Stanley for Axyv IPO

AI Summary

L3Harris Technologies (LHX) has chosen JPMorgan Chase and Morgan Stanley as underwriters for its Axyv IPO. This selection indicates the company's commitment to entering the public market, which could provide additional capital for growth. The IPO process is expected to attract investor interest, influencing market dynamics in the aerospace and defense sector. The details regarding the offering size and timing are not provided, but the involvement of major banks suggests a significant transaction is anticipated.