L3Harris Missile Arm Axyv Picks JPMorgan, Morgan Stanley for IPO

L3Harris Technologies Inc., one of the largest US defense contractors, has selected banks to lead the initial public offering for Axyv, its missile unit, according to people familiar with the matter.

JPMorgan Chase & Co. and Morgan Stanley are leading the offering, the people said, asking not to be identified as the information isn’t public. A listing could raise as much as $2 billion, one of the people said.

The company could go public as soon as next month, they said, after it filed confidentially for a listing in April. More banks could be added to the lineup, the ...