# L3Harris to acquire Aerojet Rocketdyne for $4.7 billion

L3Harris Technologies announced a definitive agreement to acquire Aerojet Rocketdyne Holdings for $58 per share in an all-cash transaction valued at $4.7 billion, inclusive of net debt.

- Type: Acquisition
- Announced: 2022-12-17
- Where: El Segundo, California, United States
- Value: $4.70B
- Status: announced
- Products: propulsion systems, energetics, rocket propulsion
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Aerojet Rocketdyne](https://endata.com/companies/9129.md) (target)
- [L3Harris Technologies](https://endata.com/companies/40361.md) (acquirer)

## Sources

- [investors.l3harris.com](https://investors.l3harris.com/news/news-details/2022/L3Harris-to-Acquire-Aerojet-Rocketdyne-12-18-2022/default.aspx), 2022-12-18: "L3Harris Technologies and Aerojet Rocketdyne Holdings, Inc. together announced the signing of a definitive agreement for L3Harris to acquire Aerojet Rocketdyne for $58 per share, in an all-cash transaction valued at $4.7 billion."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/40888/000119312522307850/d409467ddefa14a.htm), 2022-12-19: "On December 17, 2022, Aerojet Rocketdyne Holdings, Inc. entered into an Agreement and Plan of Merger with L3Harris Technologies, Inc."
- [payloadspace.com](https://payloadspace.com/maxar-aerojet-mergers/), 2022-12-19: "L3Harris will buy Aerojet at a purchase price of $58/share, implying a transaction value of $4.7B (including debt)."
- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2022/12/20/2003791019), 2022-12-19: "US 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."
- [3dadept.com](https://3dadept.com/space-additive-manufacturing-l3harris-to-acquire-aerojet-rocketdyne-in-a-4-7-billion-deal/), 2023-01-09: "With this acquisition, we will use the combined talents of more than 50,000 employees to drive continuous process improvement, enhance business operations and elevate the performance of this crucial national asset."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.