L3Harris Technologies Plans Restructuring and IPO for Aerojet Rocketdyne Business
L3Harris Technologies is restructuring its recently acquired Aerojet Rocketdyne business, planning a partial sale and an IPO to enhance its focus on national defense and rocket propulsion. In FY 2025, Aerojet Rocketdyne achieved 12% organic growth and over $2.8 billion in revenue, prompting L3Harris to sell a 60% stake in its space propulsion segment to AE Industrial Partners for $845 million.
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L3Harris Technologies is restructuring the Aerojet Rocketdyne business, acquired in 2023, following strong operational performance. The company plans significant portfolio adjustments, including a partial sale and an IPO, to sharpen focus on national defense and enhance rocket propulsion capabilities.
In FY 2025, Aerojet Rocketdyne reported 12% organic growth and over $2.8 billion in revenue, with a 12.5% operating margin, driven by demand for solid rocket motors and launch systems. L3Harris agreed to sell a 60% stake in its space propulsion segment to AE Industrial Partners for $845 million, reviving the
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