L3Harris to Sell Majority Stake in Space Assets, Focus on Defense

L3Harris Technologies is finalizing a deal to sell a 60% stake in its space and propulsion business portfolio to private equity firm AE Industrial Partners for over $500 million. The transaction, potentially announced as early as January 8, values the business at $845 million and represents a strategic shift for L3Harris toward focusing more directly on national security priorities while maintaining a 40% ownership stake in the divested assets.