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Benzinga
L3Harris Technologies Acquires Aerojet Rocketdyne For $4.7B
L3Harris Technologies Inc (NYSE: LHX) has agreed to acquire Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) for $58 per share in an all-cash transaction valued at $4.7 billion, including debt. The per-share value represents a premium of 6% from AJRD’s closing price of $54.89 on Dec. 16, 2022. The deal marks L3Harris’ second acquisition announcement of 2022. Aerojet Rocketdyne provides propulsion systems and energetics to the Department of Defense, NASA, and other partners and allies worldwide. Aero
