Story perspectives

L3Harris Sells 60% Stake to AE Industrial for $500M

1/5/2026

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Summary

Story summary

L3Harris Technologies is close to finalizing a deal to sell a 60% stake in its space and propulsion businesses to AE Industrial Partners for over $500 million.
This transaction, valued at $845 million, aligns with L3Harris' strategy to prioritize national security and missile production amid increased demand from the Russia-Ukraine war and Middle East conflicts.
The deal is expected to close in the second half of 2026 and follows over $4 billion in divestitures since the 2018 merger of L3 and Harris.
L3Harris will retain a 40% stake and ownership of its RS-25 rocket engine used in NASA's Artemis program.

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Story summary

L3Harris Technologies is close to finalizing a deal to sell a 60% stake in its space and propulsion businesses to AE Industrial Partners for over $500 million.
This transaction, valued at $845 million, aligns with L3Harris' strategy to prioritize national security and missile production amid increased demand from the Russia-Ukraine war and Middle East conflicts.
The deal is expected to close in the second half of 2026 and follows over $4 billion in divestitures since the 2018 merger of L3 and Harris.
L3Harris will retain a 40% stake and ownership of its RS-25 rocket engine used in NASA's Artemis program.