Business Wire
04 Aug 2026, 09:15 UTC · 1h ago
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L3Harris completed the sale of a majority stake in its commercial space propulsion, power and electronics businesses for $845 million. — The transaction provides a significant cash infusion and streamlines the company's portfolio by offloading non-core commercial assets.
+0.40L3Harris intends to reinvest the sale proceeds into facilities and advanced technologies to support growth. — Reinvesting capital into high-demand technology sectors suggests a pivot toward higher-growth organic opportunities.
+0.30L3Harris retained ownership of its RS-25 rocket engine operations and a ~40% stake in the divested business. — Maintaining these assets preserves a strategic foothold in critical space infrastructure, mitigating the risk of a total exit.
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The company completed a divestiture for $845 million to fund growth and advanced technology investments.
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