Traffic jam:   0

L3Harris to acquire rocket engine manufacturer Aerojet Rocketdyne for $4.7 billion

19 December 2022
2 min.
L3Harris to acquire rocket engine manufacturer Aerojet Rocketdyne for $4.7 billion

A deal between two companies

L3Harris has announced a $4.7bn agreement to acquire rocket engine specialist Aerojet Rocketdyne.

The company notes that the acquisition of the rocket engine manufacturer will allow it to "effectively address current and emerging threats" and promote "scientific discovery and innovation through targeted investments in advanced missile and hypersonic technologies".

Aerojet Rocketdyne CEO Eileen P. Drake said that as part of L3Harris, they will be able to combine their most advanced technology with significant expertise and resources to advance the companies' shared goal of enabling U.S. defense and space exploration.

The deal, the parties believe, will close next 2023 "subject to receipt of necessary regulatory approvals and clearances and other conditions customary in closing situations."

Also, the CEO of one of Aerojet's major customers, Raytheon, recently complained in an interview with Defense One that Aerojet's rocket engine quality and schedule performance have declined due to distractions associated with the sale.

On NASA's side, Aerojet reported delays in the production of RS-25 engines for the Artemis lunar programme. The company won a $1.79 billion contract from NASA in 2020 to produce a new single-use version of the engine for the space launch system to replace the current supply of refurbished RS-25 engines from the space shuttle era.

It is worth noting that in February the US corporation Lockheed Martin abandoned plans to acquire Aerojet Rocketdyne for about $4.4 billion. The decision to terminate the agreement came after the US Federal Trade Commission (FTC) filed a lawsuit to obtain a preliminary injunction. The FTC objected to the deal, arguing that it violated antitrust rules.

Persons1 and Companies6 in the news

Source foto:


Rating companies
JP Morgan Chase
16 Mention
13 Mention
12 Mention
Walt Disney Company
11 Mention
9 Mention
9 Mention
Ford Motor Company
9 Mention
9 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year