Majority Stake in L3harris’ Space Propulsion & Power Business to Be Acquired by AE Industrial

Will Restore and Use the “Rocketdyne” Name for the Acquired Business

Private investment firm AE Industrial Partners, LP (“AE Industrial”) has signed a definitive agreement to acquire a controlling interest in the Space Propulsion and Power Systems business of L3Harris Technologies. The transaction encompasses business units across five locations in the U.S., which have developed the upper-stage rocket engines used in nat…