L3Harris Completes Sale of Majority Stake in Commercial Space Propulsion, Power and Electronics Businesses to AE Industrial Partners
L3Harris completed the sale of a majority stake in its commercial space propulsion, power, and electronics businesses to AE Industrial Partners for an $845 million enterprise value. The company retains a ~40% ownership stake in the new entity, named Rocketdyne, while excluding the mission-critical RS-25 rocket engine operations from the transaction.
Key figures
- Deal Value Usd
- 845000000
- Retained stake percent
- ~40%
AI analysis
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