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L3Harris Sells Majority Stake in Commercial Space Businesses

August 7, 2026

1 min read

Key Takeaways

L3Harris sells majority stake in commercial space businesses.
AE Industrial Partners acquires assets for $845 million.
L3Harris maintains 40% ownership stake in new space technologies business.
Proceeds to be used for facilities and advanced technologies investment.

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Strategic Implications

This sale may indicate L3Harris' strategic shift towards core defense and security businesses. The transaction could suggest a growing trend of private equity investment in space technologies, which may lead to increased innovation and competition in the industry.

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What Happened

AE Industrial Partners Acquires Propulsion and Electronics Assets

L3Harris Technologies has completed the sale of a majority stake in its commercial space propulsion, power, and electronics businesses to AE Industrial Partners for $845 million. The company will maintain a 40% ownership stake in the new space technologies business, named Rocketdyne, and plans to use the proceeds to invest in facilities and advanced technologies. This move is expected to support L3Harris’ growth in core defense and security areas, as reported by ASDNews.

Source | Originally Published: August 4, 2026

Companies Mentioned