L3Harris Reaps Benefits of Rocket Division Acquisition with Record Performance

The strategic acquisition of Aerojet Rocketdyne by L3Harris Technologies in July 2023 for $4.7 billion is proving to be a remarkably astute decision. The recently integrated propulsion unit is now serving as a powerful growth catalyst, delivering exceptional quarterly results that have prompted an upward revision of the corporation’s full-year financial outlook.

Aerojet Rocketdyne’s performance metrics are compelling. The division has reported its second consecutive quarter of double-digit expansion, achieving a historic order backlog valued at $8.3 billion. This surge was fueled by a 15% organic growth rate in the third quarter. In response to this robust performance, L3Harris has raised its annual forecast, now projecting revenue of approximately $22 billion Read more...