Defense firm L3Harris to buy Aerojet for US$4.7bn with eye on missile demandReutersUS defense contractor L3Harris Technologies Inc on Sunday said it would purchase Aerojet Rocketdyne Holdings Inc in a US$4.7 billion all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict. The deal, which is expected to be completed next year, would add to L3Harris’ Space & Airborne Systems unit, which makes electronic warfare equipment and avionics sensors. A United Launch Alliance Atlas V 541 rocket lifts off from Cape Canaveral Space Force Station, Florida, on July 1. Aerojet develops and manufactures liquid and solid rocket propulsion and hypersonic engines for space, defense, civil and commercial applications. Aerojet makes the RS-25 engines for NASA’s launch vehicle, as well as the RL10 engines that power launch vehicles made by United Launch Alliance, a joint venture between Boeing Co and Lockheed Martin.
Source: Taipei Times December 19, 2022 17:15 UTC