As part of a strategic portfolio move, L3Harris Technologies has reached an agreement with AE Industrial Partners for the acquisition of a controlling interest in its Space Propulsion and Power Systems business, valuing the transaction at $845 million. The deal, expected to close in the second half of 2026 pending regulatory approvals, will see L3Harris retain an approximately 40% stake, while excluding its RS-25 rocket engine program. The transaction reflects a continued focus on aligning advanced space and defense capabilities with core national security priorities.
