Three sources familiar with the matter revealed that L3 Harris Technologies, a major defense contractor, is nearing a deal to sell a 60% stake in its aerospace and propulsion business portfolio to private equity firm AE Industrial Partners for a total value of $845 million. AE Industrial will pay over $500 million, with L3 Harris retaining the remaining 40% stake. This move aims to divest some NASA-related businesses and focus on the national security sector.
