L3Harris Technologies is an American technology company, defense contractor, and information technology services provider serving government, defense, and commercial sectors. Within the space industry, L3Harris specializes in providing end-to-end satellite solutions, including spacecraft, payloads, and ground software, and is a key player in space domain awareness. They develop and manufacture space-qualified components like traveling wave tubes, reflectors, and optical systems, and they also contribute to missions like the Nancy Grace Roman Space Telescope and Artemis II. L3Harris partners with organizations like NASA, the U.S. Space Force, and the Missile Defense Agency.
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The partnership between AE Industrial and L3Harris aims to accelerate the development of future propulsion technologies, including nuclear propulsion.
Rocketdyne is returning to prominence as L3Harris Technologies divests its propulsion business.
L3Harris Technologies is selling the majority of its propulsion business to AEI for $845 million.
L3Harris will retain a minority investment interest and continue to act as a strategic partner to the acquired business.
AE Industrial Partners has acquired a controlling stake in the space propulsion business of L3Harris, formerly known as Aerojet Rocketdyne.
L3Harris announced it will sell a 60% controlling stake in its Space Propulsion and Power Systems business to AE Industrial Partners for $845 million.
The restructuring is aimed at aligning L3Harris with the future of warfare and follows a multi-year portfolio-shaping process.
L3Harris has divested more than $4 billion worth of non-core assets to streamline its defense-centric operations since the 2018 merger of L3 and Harris.
L3Harris retains 100% ownership of the RS-25 rocket engine program, which is critical to NASA’s Space Launch System for the Artemis missions.
L3Harris will retain a 40% minority stake in the space and propulsion businesses after the sale.
L3Harris Technologies is nearing a definitive agreement to sell a 60% majority stake in a specialized portfolio of its space and propulsion businesses to AE Industrial Partners.
Ken Bedingfield will continue to serve as Senior Vice President and Chief Financial Officer of L3Harris.
L3Harris will retain a 40% minority stake in the Space Propulsion and Power Systems business.
L3Harris Technologies has officially reorganized its business structure from four segments to three as of today.
L3Harris received an $843 million contract from the Space Development Agency to build 18 infrared tracking satellites for the Tranche 3 Tracking Layer.
L3Harris will maintain 100% ownership of the RS-25 rocket engine program, the core propulsion system for NASA's Space Launch System used in the Artemis lunar missions.
L3Harris will provide further details regarding the reorganization during its Q4 earnings call on January 29, 2026.
AE Industrial Partners' acquisition of L3Harris' propulsion assets reinforces its position as a major consolidator in the aerospace and defense sectors.
L3Harris has positioned itself as a prime contractor for the Golden Dome initiative, recently delivering hypersonic ballistic tracking satellites for the Space Development Agency.
L3Harris Technologies of Fort Wayne, Indiana received an agreement with a potential value near $843 million to furnish 18 missile warning and missile tracking space vehicles.