AE Industrial Partners will buy a majority stake in the RL-10 upper-stage rocket and space nuclear propulsion businesses from L3Harris for $507 million.
The long-duopolistic solid rocket motor market dominated by Northrop Grumman and Aerojet Rocketdyne is transforming into a competitive multiplayer industry.
NASA also floated the idea that the nuclear reactor might be contracted as an “end-to-end service” from development, launch, landing to operations on the Moon.
A new kind of air vehicle is entering the U.S. military arsenal, capable of performing several roles including strike, reconnaissance and target decoy duties.
As the first U.S. hypersonic weapons enter service, defense officials are searching for new ideas for high-speed propulsion and to dramatically reduce prices.
L3Harris highlights the potential for the acquisition of Aerojet Rocketdyne to help the defense contractor become a larger player in space and missile systems.