LHX · News · 20260804N
Acquisition / Partnership / Divestiture
L3HARRIS TECHNOLOGIES, INC. /DE/ · 2026-08-04 · Importance 71 · Surprise 60 · In source text
L3Harris completed the sale of a majority stake in its commercial space propulsion, power and electronics businesses to AE Industrial Partners at a total enterprise value of $845 million. L3Harris expects to use the proceeds to invest in facilities and advanced technologies supporting growth. The transaction excluded the company’s RS-25 rocket engine operations, and L3Harris will retain approximately 40% ownership.
Key facts
- L3Harris granted Kenneth P. Sharp, SVP and Chief Financial Officer, 8,998 restricted stock units that will vest in 2029 through a 3-year cliff vesting schedule contingent on his continued employment, each unit representing a contingent right to one share of common stock. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | L3Harris granted Kenneth P. Sharp, SVP and Chief Financial Officer, 8,998 restricted stock units that will vest in 2029 through a 3-year… |