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- 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: 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.
You may also like
Goldman Sachs remains bullish on the South Korean stock market: Driven by the AI memory boom, with a potential upside of up to 80%.
Goldman Sachs strategist Timothy Moe maintains his bullish target on the South Korean stock market, believing that investors are underestimating how long the benefits of artificial intelligence (AI) will last for the country's memory chip manufacturers.
Oranjebtc cancels 25 million treasury shares without capital reduction
The Last Time Treasury Yields Hit 6%, Bitcoin Didn't Exist — What Happens If They Get There Again?
Crypto prices
More
