What Happened
AE Industrial Partners Completes Purchase of L3Harris Space Units
Rocketdyne has reemerged as a standalone space company after AE Industrial Partners completed its purchase of L3Harris Technologies’ space propulsion, power, and electronics units. The new company will focus on launch-vehicle engines, spacecraft propulsion, and space electronics, with a portfolio that includes propulsion for GPS and Wideband Global Satcom satellites. Kristin Houston, a veteran of Boeing and L3Harris, has been named CEO of the revived Rocketdyne. This development was first reported by SpaceNews.