Aerojet Rocketdyne
2023
Outcome
Positioned L3Harris as the essential propulsion supplier for US air defense (Patriot, THAAD), tactical strike (GMLRS), and Artemis moon missions.
L3Harris Technologies
Acquisitions
L3Harris Acquisitions
3
Major Deals Covered
What are L3Harris's biggest acquisitions?
This page covers 3 major deals from 2021 to 2023, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- First deal
- 2021
- Most recent
- 2023
| Company | Year | Price | Purpose |
|---|---|---|---|
| Aerojet Rocketdyne | 2023 | Undisclosed | Acquired premier US rocket propulsion and energetics manufacturer to secure critical domestic missile propulsion supply chains. |
| Viasat Tactical Data Links (Link 16) | 2023 | Undisclosed | Acquired military tactical data link business to capture dominant market share in allied Link 16 military networking. |
| Trenchant (Defense Cybersecurity Assets) | 2021 | Undisclosed | Acquired high-security cyber intelligence and electronic warfare firmware capabilities. |
- What companies has L3Harris bought?
- Major acquisitions by L3Harris documented here include Aerojet Rocketdyne (2023), Viasat Tactical Data Links (Link 16) (2023) and Trenchant (Defense Cybersecurity Assets) (2021).
- What is L3Harris's most recent acquisition?
- The most recent L3Harris acquisition documented here is Aerojet Rocketdyne, in 2023.
Viasat Tactical Data Links (Link 16)
2023
Outcome
Integrated into Communication Systems, making L3Harris the premier provider of secure Link 16 terminals for thousands of allied aircraft and naval ships.
Trenchant (Defense Cybersecurity Assets)
2021
Outcome
Bolstered classified cyber defense integration across tactical communications and space command platforms.
L3Harris Technologies's Growth & Acquisition Strategy
L3Harris's forward growth strategy centers on three national security priorities: scaling solid rocket motor production capacity to replenish depleted allied munitions stockpiles, deploying proliferation-resistant low-Earth-orbit (LEO) missile tracking satellites, and expanding electronic warfare on allied fighter fleets. Following the war in Ukraine and Indo-Pacific deterrence demands, L3Harris is investing hundreds of millions to expand Aerojet Rocketdyne manufacturing lines for Javelin, Stinger, and GMLRS rocket motors. In space, L3Harris is building missile tracking satellite constellations for the US Space Development Agency (SDA) to detect hypersonic glide vehicles. Concurrently, L3Harris is upgrading international F-16 fleets with its Viper Shield electronic warfare suite.
How L3Harris Technologies Makes Money
L3Harris generates revenue through US Department of Defense (DoD) prime contracts, foreign military sales (FMS) to US allies, commercial space/aviation contracts, and specialized defense subcontracts. Approximately 75% of total revenue originates from US government defense agencies under both firm-fixed-price and cost-reimbursable contract vehicles. In Communication Systems, the company sells high-margin Falcon tactical radios and satellite communications terminals under multi-year procurement programs to the US Army, US Marine Corps, and over 100 allied nations. In Aerojet Rocketdyne, L3Harris holds long-term sole-source propulsion supplier contracts powering Raytheon's Patriot missiles, Lockheed's HIMARS/GMLRS rockets, and NASA's Space Launch System (SLS) Artemis moon rockets.
L3Harris Acquisitions FAQ
Does L3Harris Technologies acquire other companies?
Yes, L3Harris Technologies executes targeted acquisitions to integrate complementary technologies, expand intellectual property, and enter new market verticals.
What is L3Harris Technologies's acquisition strategy?
L3Harris Technologies focuses on bolt-on acquisitions that can be rapidly integrated into its core technology architecture and commercial distribution channels.
How does L3Harris Technologies fund its acquisitions?
Acquisitions are typically funded through cash from operations, revolving credit facilities, and strategic equity considerations.
What was one of L3Harris Technologies's notable acquisitions?
L3Harris Technologies has acquired specialized technology assets that enhance its core platform capabilities and expand its addressable customer base.
How does L3Harris Technologies handle post-merger integration?
By migrating acquired codebases into its unified cloud infrastructure and retaining key engineering talent within specialized innovation pods.
Are acquisitions a primary or secondary growth driver?
Inorganic growth is secondary to robust organic product development, serving as a tactical accelerator for specific strategic capabilities.
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