Thursday, May 23, 2024
English English French Spanish Italian Korean Japanese Russian Hindi Chinese (Simplified)

L3Harris Technologies, a leading global technology company, announced that it has reached an agreement to acquire Aerojet Rocketdyne Holdings Inc. for $58 per share, totaling $4.7 billion including net debt. The transaction, which will be funded with a combination of existing cash and new debt, is expected to close in 2023.

Aerojet Rocketdyne, a leading provider of aerospace and defense products and services, generates approximately $2.3 billion in annual revenue. Aerojet Rocketdyne has played a crucial role in many of the most significant moments in space exploration and has made significant investments in rocket propulsion technology to support the needs of the U.S. military and enhance global deterrence.

The acquisition of Aerojet Rocketdyne will allow L3Harris to expand its capabilities in the aerospace and defense sectors, and further solidify its position as a leader in these industries.

Subscribe

* indicates required

The Enterprise is an online business news portal that offers extensive reportage of corporate, economic, financial, market, and technology news from around the world. Visit to explore daily national, international & business news, track market movements, and read succinct coverage of significant events. The Enterprise is also your reach vehicle to connect with, and read about senior business executives.

Address: 150th Ct NE, Redmond, WA 98052-4166

©2024 The Enterprise – All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept