L3Harris to Acquire Aerojet Rocketdyne

AE Industrial Partners Acquires Controlling Stake in L3Harris Space Propulsion & Power Business (Rocketdyne)

January 5, 2026

Aerospace & Defense

AE Industrial Partners has acquired a controlling majority stake (reported ~60%) in L3Harris Technologies’ Space Propulsion and Power Systems business, in a transaction reported at about $845 million. L3Harris will retain a minority interest and remain a strategic partner; AE Industrial plans to restore the Rocketdyne name, modernize manufacturing, and accelerate next‑generation propulsion and in‑space power capabilities.

Rocket Lab Acquires SolAero Holdings for $80 Million

December 13, 2021

Aerospace & Defense

Rocket Lab (Nasdaq: RKLB) has acquired SolAero Holdings, Inc., a leading supplier of space solar cells, solar panels and precision aerospace structures, for $80 million in cash. The acquisition (announced in December 2021 and subsequently closed) adds SolAero’s ~425 employees and the world’s largest production line of high-performance space solar cells to Rocket Lab’s vertically integrated space systems business, expanding its manufacturing capabilities for civil, defense and commercial space customers.

Rocket Lab Acquires Geost

August 12, 2025

Aerospace & Defense

Rocket Lab Corporation has completed the acquisition of the parent holding company of Geost, LLC from Lightridge Solutions (a portfolio company of ATL Partners) for $275 million before closing adjustments — comprising approximately $125 million in cash and 3,057,588 shares of Rocket Lab common stock, plus a potential earnout of up to $50 million. The deal brings Geost's electro-optical and infrared (EO/IR) sensor payload capabilities and manufacturing facilities into Rocket Lab, expanding its national security space capabilities and U.S. footprint (Arizona and Virginia).

Lockheed Martin Acquires Hypersonics Portfolio from Integration Innovation (i3)

October 9, 2020

Aerospace & Defense

Lockheed Martin signed a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), specifically i3's hypersonics strike and defense portfolio. The asset is expected to close in about 30 days, and upon closing the hypersonics portfolio will be managed by Lockheed Martin's Space business area to expand hypersonic-specific capabilities for government and commercial customers.

TransDigm Acquires DART Aerospace for Approximately $360M

March 14, 2022

Aerospace & Defense

TransDigm Group Incorporated agreed to acquire DART Aerospace, a Montreal-based manufacturer of helicopter mission equipment, from Greenbriar Equity Group and First Aviation Services for approximately $360 million in cash. DART, which generates roughly $100 million in pro forma 2022 revenue and employs about 400 people across facilities in Canada, the U.S. and Mexico, was acquired to expand TransDigm's proprietary product and aftermarket capabilities; the deal is expected to close in Q2 2022 subject to customary approvals.

Oshkosh Corporation Acquires AeroTech Business from JBT Corporation for $800 million

May 30, 2023

Manufacturing

Oshkosh Corporation agreed to acquire the AeroTech business from JBT Corporation in an $800 million all-cash transaction (approximately $720 million net of expected tax benefits). The acquisition expands Oshkosh into the air transportation support market, adds recurring aftermarket revenue and technology capabilities (electrification, autonomy, connectivity), and is expected to be accretive to earnings and deliver synergies of roughly $20 million run-rate by year three.