Overview
- AE Industrial would pay over $500 million for 60% of a portfolio valued at about $845 million, with L3Harris retaining a 40% stake, according to Reuters.
- The portfolio reportedly includes the RL‑10 second‑stage engine used on ULA’s Vulcan, in‑space propulsion systems, nuclear power technology development, and launch‑support electronics.
- L3Harris will keep sole ownership of the RS‑25 engine along with its workforce and facilities.
- An announcement could come soon and closing is targeted for the second half of 2026 pending customary conditions, and both companies declined to comment.
- The planned divestiture advances L3Harris’s refocus on missile production, and it would expand AE Industrial’s space footprint that already includes York Space Systems, Redwire, and Firefly Aerospace.