L3Harris Nears $500 Million Deal to Divest Space Assets to AE Industrial Partners
L3Harris Technologies is close to selling a 60% stake in its space and propulsion assets to AE Industrial Partners for over $500 million. The deal, which may be announced soon, will allow L3Harris to focus on missile production amid rising global defense demand.
Insights:
L3Harris Technologies Inc. is on the verge of finalizing a significant transaction that will see it divest a 60% stake in its space and propulsion portfolio to private equity firm AE Industrial Partners for over $500 million. This strategic move, which could be announced as early as Monday, is part of L3Harris's plan to realign its focus toward higher-margin missile and rocket motor production, driven by increasing global demand for defense systems amid ongoing geopolitical tensions.
