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Vinson & Elkins Advises L3Harris on $845 Million Sale of Space Propulsion and Power Systems Business to AE Industrial Partners

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Vinson & Elkins LLP advised L3Harris Technologies, Inc. (NYSE: LHX) in the proposed sale of a controlling interest in L3Harris’ Space Propulsion and Power Systems business to AE Industrial Partners at a total enterprise value of $845 million.

Transaction closing is expected in the second half of 2026, subject to obtaining regulatory approvals and satisfaction of other customary closing conditions. L3Harris will retain an approximately 40% ownership stake in the new space technology business with AE Industrial. L3Harris is the Trusted Disruptor in defense tech. With customers’ mission-critical needs always in mind, their employees deliver end-to-end technology solutions connecting the space, air, land, sea, and cyber domains in the interest of national security. AE Industrial Partners is a private investment firm with $7.5 billion of assets under management as of September 30, 2025, focused on investing in technologies and services considered critical to national & economic security.

The Vinson & Elkins team was led by partners Sebastian Tiller and Francisco Morales Barrón, senior associate Anthony Paladino, and associates Kelly McGovern, Jessica Rosenwasser, and Jeff Szulc. Also advising are partner Ron Nardini and associate Paige Melton; partner Joo Hyun Lee and associate Matt Green; partner Sean Becker and counsel Alex Bluebond; partner Rajesh Patel and senior associate Haley Titcomb; partner Jennifer Cornejo and associate Justine Jia; partner Jamie Tabb and counsel Tyler Robinson; partner Courtney Hammond and counsel Shaun Rogers; partners Ben Heriaud and East Berhane; partner Kara Kuritz, counsel Ryan Will, and associate Adam Thomas; partners Randall Johnston and Joyce Adetutu and senior associate Frankie Velez; associate Kris Hildebrand; counsel Brian Howard; and partner Sarah Mitchell and counsel Alexander Baker.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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