Jan 5 (Reuters) - L3Harris Technologies said on ‌Monday ​it will sell ‌an about 60% stake in its space propulsion ​and power systems business to private equity firm AE Industrial ‍Partners for $845 ...

L3Harris Technologies is selling a 60% stake in its space propulsion business to AE Industrial Partners for $845 million, ...

AE Industrial will take a 60 percent stake in the new business focused on civil and commercial space; L3Harris will maintain about a 40 percent share.

The potential sale coincides with a reorganization of L3Harris' operating structure, consolidating its four business segments into three.

Our customers rely on us to provide propulsion systems that perform as expected on orbit… For Orbion, delivering ...

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L3Harris will retain a minority investment interest and continue to act as a strategic partner to the business. AE Industrial plans to restore and use the "Rocketdyne" name for the acquired business ...

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(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) (THE CONVERSATION) Every year, companies and space agencies launch hundreds of rockets ...

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Marcos Fernandez Tous, University of North Dakota; Preeti Nair, University of North ...