US EditionL3Harris sells 60% stake in space propulsion business for $845 million
AE Industrial Partners acquires majority stake in L3Harris space propulsion unit, aiming to modernize RL-10 engine production while preserving its 60-year legacy.
- AE Industrial Partners will acquire a 60% controlling interest in L3Harris Space Propulsion and Power Systems for $845 million, with Melbourne-based L3Harris retaining a 40% minority share and expecting closing in the second half of 2026.
- L3Harris is pivoting toward the military space market, aligning with Department of War priorities, while AE Industrial Partners aims to scale critical space technologies, Jon Lusczakoski said.
- At the Palm Beach site, the facilities employ about 500 people and share a campus with Pratt & Whitney, as part of the unit's five U.S. manufacturing locations.
- The buyer described plans to modernize RL‑10 production and revive Rocketdyne, honoring its heritage and scaling operations, said Kirk Konert at AE Industrial.
- Looking ahead, RL‑10 engines remain central to Artemis and ULA missions, while the RS‑25 is excluded from the sale and powers NASA's SLS.
17 Articles
17 Articles
AE Industrial Acquires Space Propulsion and Rocket Engine Business From L3Harris
Private investment buyout firm AE Industrial Partners announced on Jan. 5 that it acquired a controlling interest in the space propulsion and power systems business of L3Harris Technologies in a deal valued at $845 million. Boca Raton, Florida-based AE Industrial said the deal encompasses L3Harris business units in five different U.S. locations that have more than six decades of experience producing upper-stage rocket engines as well as space pr…
Rocketdyne name to be revived after Melbourne’s L3Harris unloads part of rocket engine business
Melbourne-based L3Harris acquired the vast rocket engine company Aerojet Rocketdyne in 2023, but on Monday announced it was selling a controlling interest in the majority of those operations to private investment firm AE Industrial Partners. The Boca Raton-based company plans to revive the Rocketdyne name for the business “in recognition of its heritage and longstanding innovation within space propulsion technology,” according to a press release…
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