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L3Harris appoints new CFO as firm prepares to spin off missile business
L3Harris has appointed Kenneth Sharp, former CFO of Peraton, as its new chief financial officer, effective March 16. Current CFO Ken Bedingfield will transition to focus solely on the company’s Missile Solutions segment, preparing it for an initial public offering in late 2026. This strategic move coincides with L3Harris’s plans to invest billions in modernizing facilities for solid rocket motor and missile component production, supported by a promised $1 billion investment from the Defense Department.