Overview
- L3Harris will retain a 40% stake while AE Industrial acquires control, with Reuters reporting the buyer will pay over $500 million for its share.
- The RS-25 engine program that powers NASA’s Space Launch System is excluded and remains fully owned by L3Harris.
- The portfolio includes RL-10 upper-stage engines, in-space propulsion, space power and nuclear technologies, plus related avionics across five U.S. sites.
- AE Industrial plans to restore the Rocketdyne name and modernize production of legacy products such as the RL-10, leveraging its investments in York Space Systems, Redwire and Firefly Aerospace.
- Closing is targeted for the second half of 2026 pending regulatory approvals, and L3Harris plans to direct proceeds toward rocket motor and missile production capacity and other corporate priorities.