AE Industrial Closes Purchase of L3Harris’s Space Propulsion, Power and Electronics Units Establishing the Business as Rocketdyne

AE Industrial Closes Purchase of L3Harris’s Space Propulsion, Power and Electronics Units Establishing the Business as Rocketdyne

Aerospace Veteran Kristin Houston to Serve as Chief Executive Officer

Investment Will Ramp Up In-Space Propulsion Thrusters, Power, and Nuclear Energy Solutions for Space Applications

AE Industrial Partners, LP (“AE Industrial” or the “Firm”), a private investment firm focused on technologies and services critical to national and economic security, has finalized the acquisition of the space propulsion, power and electronics units from L3Harris Technologies (“L3Harris”), and is launching the entity as Rocketdyne (the “Company”). L3Harris will retain a minority stake in the business and continue to be a strategic partner.

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