L3Harris Technologies has completed its acquisition of Aerojet Rocketdyne, forming a fourth business segment at the company. L3Harris signed a definitive agreement to purchase Aerojet Rocketdyne in December 2022, emphasizing its ability to strengthen the defense industrial base, enhance competition and accelerate innovation for a critical merchant supplier of propulsion systems. The company also announced Ross Niebergall will serve as President of the Aerojet Rocketdyne segment at L3Harris. The acquisition diversifies the L3Harris portfolio, adding considerable long-cycle backlog and broad expertise that enables opportunities in missile defense systems, hypersonics and advanced rocket engines, among other areas.
“Our customers demand a competitive environment that produces innovative, agile solutions,” Niebergall said. “We will expand on the strong Aerojet Rocketdyne heritage to enhance production and deliver on those expectations.”
“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.”
Aerojet Rocketdyne is subsidiary of American defense company L3Harris Technologies that manufactures rocket, hypersonic, and electric propulsive systems for space, defense, civil and commercial applications. Aerojet traces its origins to the General Tire and Rubber Company established in 1915, while Rocketdyne was created as a division of North American Aviation in 1955. Aerojet Rocketdyne was formed in 2013 when Aerojet (then owned by GenCorp) and Pratt & Whitney Rocketdyne were merged, following the latter’s acquisition by GenCorp from Pratt & Whitney. On April 27, 2015, the name of the holding company, GenCorp, was changed from GenCorp, Inc. to Aerojet Rocketdyne Holdings, Inc. Aerojet Rocketdyne Holdings was acquired by L3Harris in July 2023 for $4.7 billion.
L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces command and control systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. They specialize in surveillance solutions, microwave weaponry, and electronic warfare. It was formed from the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation on June 29, 2019, and was expected to be the sixth-largest defense contractor in the United States.