{"id":676168,"date":"2026-01-05T20:33:07","date_gmt":"2026-01-05T20:33:07","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/676168\/"},"modified":"2026-01-05T20:33:07","modified_gmt":"2026-01-05T20:33:07","slug":"l3harris-sells-60-stake-in-space-propulsion-business-for-845-million","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/676168\/","title":{"rendered":"L3Harris sells 60% stake in space propulsion business for $845 million"},"content":{"rendered":"

Jan 5 (Reuters) – L3Harris Technologies (LHX.N), opens new tab<\/a> said on Monday it will sell an about 60% stake in its space propulsion and power systems business to private equity firm AE Industrial Partners for $845 million, including debt.<\/p>\n

The deal furthers L3Harris’ plan to shift its focus away from space and towards defense capabilities amid an increasingly uncertain global geopolitical environment.<\/p>\n

Sign up here.<\/a><\/p>\n

Separately, the defense supplier said it will also reorganize its structure to three business segments from four previously in order to align its portfolio with the “future of warfare.”<\/p>\n

The new segments are space and mission systems led by Sam Mehta, communications and spectrum dominance led by Jon Rambeau, and missile solutions helmed by Ken Bedingfield.<\/p>\n

“We’re now best poised to deliver the speed, technology and commerciality required by our most important customer \u2013 the warfighter,” said L3Harris CEO Christopher Kubasik.<\/p>\n

The company will, however, continue to have sole ownership of the RS-25 rocket engine, which is currently used on NASA’s space launch system for the Artemis program.<\/p>\n

The deal with AE Industrial, which was first reported by Reuters<\/a> on Sunday, is expected to close in the second half of 2026.<\/p>\n

AE Industrial said its partnership with L3Harris would also accelerate the development of future propulsion technologies, including nuclear propulsion, which will be critical to the exploration of Mars.<\/p>\n

AE’s previous space investments include Firefly Aerospace (FLY.O), opens new tab<\/a>, RedWire Space (RDW.N), opens new tab<\/a> and York Space Systems.<\/p>\n

Reporting by Aishwarya Jain and Megavarshini G. Somasundaram in Bengaluru; Editing by Devika Syamnath and Shailesh Kuber<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Jan 5 (Reuters) – L3Harris Technologies (LHX.N), opens new tab said on Monday it will sell an about…\n","protected":false},"author":2,"featured_media":676169,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3844],"tags":[201793,201794,205096,124884,84731,84732,36313,168710,84737,205097,202558,168743,201822,205485,201821,201820,3671,84739,124880,201798,201799,205100,205101,205105,7900,205102,202119,124887,205484,124882,201801,168719,205103,202044,168742,205095,54750,70,413,201802,201805,201803,205104,326,9966,84744,84729,16,15,978],"class_list":["post-676168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-aer","tag-aero","tag-aero1","tag-amers","tag-bact","tag-bisv","tag-biz","tag-blr","tag-cmpny","tag-deal1","tag-def","tag-destlita","tag-destocabsm","tag-destoma","tag-destousbsm","tag-destoustcm","tag-fin","tag-fins","tag-gen","tag-indg","tag-inds","tag-invbis","tag-invm","tag-invm1","tag-legal","tag-mrg","tag-mtpix","tag-namer","tag-nrlpaoma","tag-pol","tag-privt","tag-publ","tag-pve","tag-pxp","tag-reuters-legal","tag-rulesharris","tag-sci","tag-science","tag-space","tag-spacem","tag-spc","tag-spex","tag-stk","tag-tech","tag-tmt","tag-topcmb","tag-topnws","tag-uk","tag-united-kingdom","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115844402638751224","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/676168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=676168"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/676168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/676169"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=676168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=676168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=676168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}