AE Industrial Closes Purchase of L3Harris’s Space Propulsion, Power and Electronics Units Establishing the Business as Rocketdyne

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Aerospace Veteran Kristin Houston to Serve as Chief Executive Officer Investment Will Ramp Up In-Space Propulsion Thrusters, Power, and Nuclear Energy Solutions for Space Applications BOCA RATON, Fla., August 04, 2026--(BUSINESS WIRE)--AE Industrial Partners, LP ("AE Industrial" or the "Firm"), a private investment firm focused on technologies and services critical to national and economic security, has finalized the acquisition of the space propulsion, power and electronics units from L3Harris Technologies ("L3Harris"), and is launching the entity as Rocketdyne (the "Company"). L3Harris will retain a minority stake in the business and continue to be a strategic partner. The transaction re-establishes Rocketdyne as an independent company with more than 60 years of spaceflight heritage and a proven track record across civil, commercial, and national security space. With demand across the Company's markets accelerating, driven by geopolitical competition and record government investment in space, Rocketdyne is meeting this moment with world-class talent, proven technology, and trusted customer relationships already in place. AE Industrial's focused investment and active partnership will support Rocketdyne in deepening its role as an indispensable supplier to the space and defense industrial base. The new company will be led by Kristin Houston as Chief Executive Officer. Houston previously served as President of the Space Propulsion & Power Systems sector within the Missile Solutions segment of L3Harris, and as President of the Electro Optical Sector within Integrated Mission Systems. Prior to her role at L3Harris, she spent more than 16 years at Boeing with senior roles in engineering and program management. "From developing some of the first U.S. rocket engines to propelling the fastest human-made object ever built, Rocketdyne has always been at the forefront," said Houston. "As a standalone company, we now have the agility and focus to better serve our customers, invest in our people and capabilities and pursue new opportunities in the rapidly expanding space industry. This milestone would not have been possible without the steadfast support of AE Industrial and the partnership of L3Harris, and we are grateful for the role they are playing in helping launch Rocketdyne's next chapter." In a statement, Jon Lusczakoski, Partner at AE Industrial, said, "R...

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