L3Harris acquisition of Aerojet Rocketdyne
L3Harris bought rocket motor maker Aerojet Rocketdyne after Lockheed Martin's earlier deal was abandoned.
- Company
- Aerojet Rocketdyne
- Type
- M&A
- Status
- Completed
- Date
- 28 Jul 2023
- Value
- US$4.7bn
- Value basis
- US$4.7bn including net debt; US$58 per share in cash
- Region
- US
- Segment
- Missiles, space and munitions
Also covered on InfraDefence.
Parties
- L3Harris Technologies buyer
- Aerojet Rocketdyne shareholders seller
Key terms
- Price per share
- US$58 cash
- Announced
- 19 Dec 2022
Sources
- L3Harris 8-K: L3Harris to acquire Aerojet Rocketdyne sec.gov · 19 Dec 2022
- L3Harris 8-K: L3Harris completes acquisition of Aerojet Rocketdyne sec.gov · 28 Jul 2023
Record ORB-INV-2023-0010. Investments are kept apart from the financings register and never counted in debt totals.
