Article

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