LHX · News · 20260804N
Portfolio Reshaping (M&A / 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. The transaction excludes the company’s RS-25 rocket-engine operations, while L3Harris retains approximately 40% ownership. L3Harris expects to use the proceeds to invest in facilities and advanced technologies to address growth demand.
Key facts
- L3Harris Technologies has 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. source
- L3Harris expects to use the proceeds from the sale to invest in facilities and advanced technologies to meet unprecedented demands for growth. source
- L3Harris will maintain approximately 40% ownership of the businesses sold to AE Industrial Partners. source
- L3Harris' RS-25 rocket engine operations were excluded from the sale to AE Industrial Partners. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | — | L3Harris Technologies has completed the sale of a majority stake in its commercial space propulsion, power and electronics businesses to… |
| assets | negative | committed | — | L3Harris Technologies has completed the sale of a majority stake in its commercial space propulsion, power and electronics businesses to… |
| revenue | negative | committed | — | L3Harris Technologies has completed the sale of a majority stake in its commercial space propulsion, power and electronics businesses to… |
| assets | positive | probable | — | L3Harris expects to use the proceeds from the sale to invest in facilities and advanced technologies to meet unprecedented demands for… |
| cash | negative | probable | — | L3Harris expects to use the proceeds from the sale to invest in facilities and advanced technologies to meet unprecedented demands for… |
| assets | positive | committed | — | L3Harris will maintain approximately 40% ownership of the businesses sold to AE Industrial Partners. |