Why Pentagon Didn't Buy L3Harris Common Stock — And Why That Matters

The Pentagon’s DOW, otherwise known as the Defense Department, didn't buy L3Harris Technologies Inc (NYSE:LHX) common stock. It bought something far more useful: leverage over how fast missiles get built.Track LHX stock here.Instead of buying common stock, the Pentagon backed a new, independently traded missile solutions business with a $1 billion convertible preferred investment. That choice wasn't cosmetic. It was the strategy.This Wasn't An Equity Bet — It Was A Control BetBuying common stock would've ti ...