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Business/Financial

L3Harris To Close Aerojet Rocketdyne Deal Shortly After FTC Gives Nod

By Cal Biesecker

Thursday, July 27th, 2023

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L3Harris To Close Aerojet Rocketdyne Deal Shortly After FTC Gives Nod

Standard Missile-2 rocketing skyward. Aerojet Rocketyne supplies the Mk 72 and Mk 104 rocket motors for the various SM programs. Photo: Aerojet Rocketdyne

L3Harris Technologies [LHX] on Wednesday afternoon after the close of the stock markets said the Federal Trade Commission notified the company it would not oppose its $4.7 billion acquisition of Aerojet Rocketdyne [AJRD], adding that the deal is expected to close on or about this Friday. The L3Harris announcement essentially came as a footnote in the company’s second quarter investor letter, which includes financial results. “I’m excited about the next phase of L3Harris,” Christopher Kubasik, the company’s chairman and CEO,…

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