L3Harris Technologies agrees to sell majority stake in space propulsion unit for 845 million dollars

L3Harris Technologies announced a 845 million dollar divestiture and organizational shift. The move focuses resources on defense amidst global uncertainty.

洞察:
L3Harris Technologies Inc. announced on Monday that it has reached an agreement to sell an approximately 60% stake in its space propulsion and power systems business to the private equity firm AE Industrial Partners. The transaction, which is valued at $845 million including debt, was first reported by Reuters on Sunday, January 5, 2026. This strategic move in the US USUScoincides with a significant internal reorganization as the company shifts its focus toward core defense capabilities.
FILE PHOTO: An L3Harris logo is displayed above a stand on the first day of the Indo Pacific International Maritime Exposition in Sydney, Australia, November 4, 2025. REUTERS/Hollie Adams/File Photo
FILE PHOTO: An L3Harris logo is displayed above a stand on the first day of the Indo Pacific International Maritime Exposition in Sydney, Australia, November 4, 2025. REUTERS/Hollie Adams/File Photo
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