L3Harris Sells Space Portfolio to AE Industrial
Update: 2026-01-04
Description
L3Harris Technologies is selling a majority stake in its space and propulsion business to AE Industrial Partners for $500 million, valuing the portfolio at $845 million. The deal includes the RL-ten rocket engine, in-space propulsion, nuclear power tech, and launch electronics. L3Harris retains the RS-25 engine for NASAs Artemis program. AE, a private equity firm, is expanding its space assets portfolio. L3Harris plans to use the funds for production expansion, debt reduction, and other corporate needs. The deal is expected to close in the second half of 2026.
The Daily News Now! - Every city. Every story. AI Powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
