Add-on Acquisition • Aerospace

L3Harris Acquires Aerojet Rocketdyne

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

Acquisition Context

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.

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

Target Company

Aerojet Rocketdyne

El Segundo, California, United States

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 Overview 1

Buyer

L3Harris

Melbourne, Florida, United States

Category	Company
Founded	1895
Sector	Defense
Employees	47,000
Revenue	21.3B USD (2024)

DESCRIPTION

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 Context for Buyer	#
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

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	-

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

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