L3Harris Completes Sale of Majority Stake in Commercial Space Propulsion, Power and Electronics Businesses to AE Industrial Partners

MELBOURNE, Fla., Aug. 4, 2026 — L3Harris Technologies (NYSE: LHX) has successfully completed the sale of a majority stake in its commercial space propulsion, power, and electronics divisions to AE Industrial Partners, valuing the transaction at a total enterprise value of $845 million.

According to the company, the funds from this sale will be reinvested into facilities and advanced technologies to address significant growth demands.

Notably, L3Harris has excluded its RS-25 rocket engine operations from the sale and will retain approximately a 40% ownership interest in AE Industrial Partners’ new space technologies business, which will operate under the name Rocketdyne.

About L3Harris Technologies

L3Harris is recognized as a Trusted Disruptor in defense technology. With a focus on mission-critical needs, the company’s workforce is dedicated to providing comprehensive technology solutions that integrate into the space, air, land, sea, and cyber domains, all aimed at enhancing national security. For more information, visit L3Harris.com.

Forward-Looking Statements

This press release includes forward-looking statements that reflect the management’s current expectations, assumptions, and estimates regarding future performance and economic conditions. These statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. L3Harris cautions investors that actual results and future trends may differ materially from those expressed or implied in these forward-looking statements due to various risks and uncertainties. Statements regarding the use of proceeds, future capacity, and demand are inherently forward-looking and involve risks. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements based on new information, future events, or otherwise.

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Source: L3Harris (2026-08-04)