Published Tuesday, Aug. 4, 2026 | 2:20 a.m.
BOCA RATON, Fla.–(BUSINESS WIRE)–Aug 4, 2026–
AE Industrial Partners, LP
(“AE Industrial” or the “Firm”), a private investment firm focused on technologies and services critical to national and economic security, has finalized the acquisition of the space propulsion, power and electronics units from
L3Harris Technologies
(“L3Harris”), and is launching the entity as
Rocketdyne
(the “Company”). L3Harris will retain a minority stake in the business and continue to be a strategic partner.
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The transaction re-establishes Rocketdyne as an independent company with more than 60 years of spaceflight heritage and a proven track record across civil, commercial, and national security space. With demand across the Company’s markets accelerating, driven by geopolitical competition and record government investment in space, Rocketdyne is meeting this moment with world-class talent, proven technology, and trusted customer relationships already in place. AE Industrial’s focused investment and active partnership will support Rocketdyne in deepening its role as an indispensable supplier to the space and defense industrial base.
The new company will be led by Kristin Houston as Chief Executive Officer. Houston previously served as President of the Space Propulsion & Power Systems sector within the Missile Solutions segment of L3Harris, and as President of the Electro Optical Sector within Integrated Mission Systems. Prior to her role at L3Harris, she spent more than 16 years at Boeing with senior roles in engineering and program management.
“From developing some of the first U.S. rocket engines to propelling the fastest human-made object ever built, Rocketdyne has always been at the forefront,” said Houston. “As a standalone company, we now have the agility and focus to better serve our customers, invest in our people and capabilities and pursue new opportunities in the rapidly expanding space industry. This milestone would not have been possible without the steadfast support of AE Industrial and the partnership of L3Harris, and we are grateful for the role they are playing in helping launch Rocketdyne’s next chapter.”
In a statement, Jon Lusczakoski, Partner at AE Industrial, said, “Rocketdyne has always been a special name in the space industry, and we are honored to help steward its return as a standalone company. Rocketdyne will now have the agility to invest in and scale its core businesses, driving the next generation of space mobility, power, and electronics. Kristin is a proven leader who knows how to grow technology businesses by strengthening customer relationships, innovating new solutions and building high-performing teams. We are excited to have her stepping into this role as she guides this iconic brand into its most exciting era yet.”
“For AE Industrial, this is a unique opportunity to scale a business with an iconic brand and a distinguished track record of delivering for customers,” said
Kirk Konert
, Managing Partner at AE Industrial. “Space is a critical domain in our national security architecture and Rocketdyne is positioned to be a vital pillar in ensuring the world’s space technology needs are met in the present and into the future.”
AE Industrial will provide investment in Rocketdyne’s core capabilities, including upgrading the technology and manufacturing of the RL10 rocket engine, ramping up production of in-space propulsion thrusters, and advancing nuclear power and energy solutions for space applications.
About AE Industrial Partners
AE Industrial Partners
is a private investment firm with approximately $9.0 billion of assets under management as of March 31, 2026, focused on investing in technologies and services considered critical to national & economic security. Since 2015, AE Industrial has completed more than 155 investments in market-leading companies that benefit from its deep industry knowledge, operating experience and network of relationships across the sectors where the Firm invests (national security, aerospace and industrial services). With a commitment to driving value creation in partnership with the management teams of its portfolio companies, AE Industrial invests across private equity, venture capital and aerospace leasing. AE Industrial is headquartered in Boca Raton, FL and has an office in Washington, D.C. Learn more at
www.aeroequity.com
.
About Rocketdyne
Rocketdyne is a proven leader in space propulsion, space electronics, and power systems – and at the forefront of space maneuverability and nuclear power systems. Backed by more than 60 years of flight heritage and innovation, the company delivers critical technologies to power high-priority missions that enable national security, expand discovery and move space forward. With over 1,300 employees across five locations in the United States, Rocketdyne continues to serve customers across the national security, civil, and commercial sectors. For more information, visit
www.Rocketdyne.com
.
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CONTACT: Media Contact:
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202-643-4381
KEYWORD: FLORIDA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: AEROSPACE MANUFACTURING PROFESSIONAL SERVICES AIR TRANSPORT NUCLEAR ALTERNATIVE ENERGY ENERGY ENGINEERING FINANCE CHEMICALS/PLASTICS
SOURCE: AE Industrial Partners, LP
Copyright Business Wire 2026.
PUB: 08/04/2026 05:20 AM/DISC: 08/04/2026 05:20 AM
http://www.businesswire.com/news/home/20260804787940/en
