M&A Deal Summary

L3Harris Acquires Aerojet Rocketdyne

On December 18, 2022, L3Harris acquired aerospace company Aerojet Rocketdyne for 4.7B USD

Acquisition Highlights
  • This is L3Harris’ 2nd transaction in the Aerospace sector.
  • This is L3Harris’ 2nd largest (disclosed) transaction.
  • This is L3Harris’ 27th transaction in the United States.
  • This is L3Harris’ 5th transaction in California.

M&A Deal Summary
Date 2022-12-18
Target Aerojet Rocketdyne
Sector Aerospace
Buyer(s) L3Harris
Deal Type Add-on Acquisition
Deal Value 4.7B USD
Advisor(s) Citigroup Investment Banking
Evercore Group (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Aerojet Rocketdyne

El Segundo, California, United States
website
Aerojet Rocketdyne is a technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale and leasing of the Company's excess real estate assets. Aerojet Rocketdyne was formed in 1915 and is based in Rancho Cordova, California.

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Buyer(S) 1

Buyer

L3Harris

Melbourne, Florida, United States

website

Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.

DEAL STATS #
Overall 30 of 30
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 24 of 24
State (California) 5 of 5
Country (United States) 27 of 27
Year (2022) 2 of 2
Size (of disclosed) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Link 16

Carlsbad, California, United States

Link 16's network is integrated into military aircraft, ground vehicles, surface vessels, and operating bases, enabling warfighters across multiple domains to securely share voice and data communications.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-10 L3Harris Technologies ’s Visual Information Solutions

Melbourne, Florida, United States

L3Harris Technologies, Inc.’s Visual Information Solutions (“VIS”) is a subscription-based commercial geospatial technology and software business that comprises 16 U.S. Patents for geospatial data analytics.

Sell -
Mergr

Product

Company

Legal