L3Harris completes acquisition of Aerojet Rocketdyne
L3Harris Technologies, Melbourne, Florida, USA, has completed its acquisition of Aerojet Rocketdyne, El Segundo, California, thus forming a fourth business segment. The companies signed a definitive agreement in December 2022 in an effort to emphasise L3Harris’ ability to strengthen the defence industrial base, enhance competition and accelerate innovation for a merchant supplier of industrial systems.
“I’m thrilled to welcome more than 5,000 employees to the L3Harris team today,” said Christopher E Kubasik, chair and CEO, L3Harris. “With national security at the forefront, we’re combining our resources and expertise with Aerojet Rocketdyne’s propulsion and energetics capabilities to ensure that the Department of Defense and civil space customers can address critical mission needs globally.”
The company also announced Ross Niebergall will serve as president of the Aerojet Rocketdyne segment at L3Harris.
“Our customers demand a competitive environment that produces innovative, agile solutions,” Niebergall stated. “We will expand on the strong Aerojet Rocketdyne heritage to enhance production and deliver on those expectations.”
The acquisition diversifies the L3Harris portfolio, adding long-cycle backlog and broad expertise that enables opportunities in missile defence systems, hypersonics and advanced rocket engines, among other areas.
Moving forward, Aerojet Rocketdyne will be known as Aerojet Rocketdyne, an L3Harris Technologies company.
