L3Harris Technologies has completed the sale of a majority stake in its commercial space propulsion, power and electronics businesses, reviving the historic Rocketdyne name while retaining key defense programs and NASA’s RS-25 engine work that supports the Space Launch System.
The transaction, announced Tuesday, creates a new standalone company called Rocketdyne, with private equity firm AE Industrial Partners acquiring a 60% stake. L3Harris will retain a roughly 40% ownership interest in the new company while continuing as a strategic partner.
For Huntsville, the move has significant implications, but many of the area’s largest defense and NASA programs will remain under L3Harris…