AE Industrial Partners

L3Harris Technologies has sold a majority stake in its civilian space propulsion unit to private equity firm AE Industrial Partners for $845 million. The deal represents L3Harris' continued pivot towards the military space market, with Chairman and CEO Christopher Kubasik emphasizing alignment with DoD vision for a faster, more agile defense industrial base.

L3Harris Technologies has agreed to sell a majority stake in its Propulsion and Power Systems division to AE Industrial Partners for $845 million. The deal ensures the company's portfolio aligns with US mission priorities, according to L3Harris CEO Christopher Kubasik.