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Florida-based L3Harris today announced that it has completed its acquisition of Aerojet Rocketdyne, two days after the Federal Trade Commission gave its OK for the deal. The acquisition, which was valued at $4.7 billion when the agreement was announced last December, adds Aerojet’s expertise in rocket propulsion systems to L3Harris’ portfolio of space and defense technologies. “I’m thrilled to welcome more than 5,000 employees to the L3Harris team today,” L3Harris’ chair and CEO, Christopher Kub
L3Harris said its acquisition of Aerojet Rocketdyne will give it new opportunities in the hypersonic, missile defense, and advanced rocket engine markets.