L3Harris sells majority stake in commercial space propulsion, power and electronics units to AE Industrial for $845 million enterprise value

Reuters2026/08/04 09:15

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L3Harris completed the sale of a majority stake in its commercial space propulsion, power, and electronics businesses to AE Industrial Partners.
Total enterprise value of the transaction was USD 845 million.
RS-25 rocket engine operations were excluded from the deal.
L3Harris retained about a 40% stake in AE Industrial Partners’ new space technologies business, to be named Rocketdyne.
Proceeds are expected to be used for facility investment and advanced technologies to support growth demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. L3Harris Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608040515BIZWIRE_USPR_____20260804_BW084818) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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L3Harris sells majority stake in commercial space propulsion, power and electronics units to AE Industrial for $845 million enterprise value

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