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L3Harris Applied sciences is divesting a controlling curiosity in its House Propulsion and Energy Techniques division to AE Industrial Companions in a transaction valued at $845 million. The deal, anticipated to shut within the second half of 2026 pending regulatory approval, will go away L3Harris with roughly a 40% possession stake within the new enterprise. The sale doesn’t embody the corporate’s RS-25 rocket engine program.
Christopher Kubasik, Chairman and Chief Government Officer at L3Harris Applied sciences, stated the divestiture helps the U.S. Division of Battle’s objective of a “sooner, extra agile protection industrial base,” whereas permitting the corporate to give attention to core mission priorities.
Earlier than the sale, Aerojet Rocketdyne—working below L3Harris—accomplished a number of milestones below a $215.6 million cooperative settlement with the U.S. Division of Protection (DoD) to develop and modernize its manufacturing capabilities. The trouble, launched in 2023, focuses on growing manufacturing of strong rocket motors for the Javelin, Stinger, and Guided A number of Launch Rocket System missile packages.
As a part of the initiative, the corporate started building of a brand new 6,040-square-meter (65,000-square-foot) GMLRS manufacturing facility at its Camden, Arkansas, web site, consolidating three current buildings to enhance manufacturing effectivity. It additionally began shifting Javelin and Stinger propulsion manufacturing to its Orange County, Virginia, web site, aligning every location with particular areas of experience.
“Our constructing design method incorporates automation and robotics all through the solid and meeting buildings to maximise the effectivity and circulate by way of the manufacturing course of,” stated Byron Lee, Aerojet Rocketdyne’s program supervisor overseeing the modernization effort. The corporate can be advancing its digital transformation work by integrating enterprise and manufacturing programs by way of a cyber-secure Industrial Web of Issues (IIoT) community.
Aerojet Rocketdyne delivers a broad vary of capabilities to help hypersonic manufacturing, together with ramjets, scramjets, strong rocket motors, warheads and missile protection applied sciences. (Credit score: Aerojet Rocketdyne artist idea)
Aerojet Rocketdyne is additional increasing inert part manufacturing for GMLRS and Javelin in Huntsville, Alabama, the place it not too long ago leased a 35,200-square-meter (379,000-square-foot) facility in JetPlex Industrial Park. The brand new capability will help elevated manufacturing for key nationwide protection packages.
AE Industrial’s increasing house portfolio
AE Industrial’s earlier space-related investments embody Firefly Aerospace, RedWire House, and York House Techniques. These holdings align with the agency’s technique to develop in each industrial and protection house markets.
Jefferies LLC served because the unique monetary advisor to L3Harris on the transaction.
Headquartered in Melbourne, Florida, L3Harris Applied sciences develops protection and house programs spanning the house, air, land, sea, and cyber domains.
