L3Harris Nears Sale of Space Propulsion Stake to AE Industrial for $845M
L3Harris Technologies plans to sell a 60% stake in its space propulsion business to AE Industrial Partners for $845 million, while retaining a 40% stake and the RS-25 engine program. The deal aims to refocus L3Harris on core defense priorities, and AE Industrial intends to revive the Rocketdyne brand and collaborate on future propulsion technologies, including nuclear propulsion for deep-space exploration.