The Firm is representing L3Harris Technologies, Inc. (NYSE: LHX) in connection with its announced signing of a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) for $58 per share, in an all-cash transaction valued at $4.7 billion, inclusive of net debt. The transaction is subject to approval by Aerojet Rocketdyne’s stockholders, the receipt of regulatory approval and other customary closing conditions, and is expected to close in the second half of 2023.
L3Harris Technologies, an agile global aerospace and defense technology innovator, delivers end-to-end solutions meeting its customers’ mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains.
Aerojet Rocketdyne is a world-recognized aerospace and defense leader that provides propulsion systems and energetics to the space, missile defense and strategic systems, and tactical systems areas, in support of domestic and international customers.
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