L3Harris acquired Aerojet Rocketdyne in one of the year's biggest area deals
Melbourne-based aerospace and defense technology L3Harris Technologies Inc. (NYSE: LHX) on July 29 acquired El Segundo, California-based missile and rocket maker Aerojet Rocketdyne Holdings Inc. for $4.7 billion. The company generates about $2.2 billion in annual revenue.
L3Harris isCentral Florida's largest technology employer, with 8,500-plus local workers. As a result of the acquisition, 5,000 employees were added to the L3Harris team, though they have stayed in the same locations throughout the U.S. where they were prior to the acquisition.
Acquiring Aerojet has helped L3Harris expand its aerospace and defense industrial base and scientific innovation in advanced missile technologies, hypersonics and other Aerojet technologies for customers such as NASA and the Department of Defense.
