Aerojet Rocketdyne in its $4.7 billion acquisition by L3Harris Technologies

On December 18, 2022, Aerojet Rocketdyne Holdings, Inc., a provider of propulsion systems and energetics to the Department of Defense, NASA and other U.S. partners and allies around the world, announced that it has entered into a definitive merger agreement to be acquired by L3Harris Technologies, Inc. in an all-cash transaction that values Aerojet Rocketdyne at an enterprise value of $4.7 billion.  Under the terms of the definitive merger agreement, L3Harris has agreed to acquire all outstanding shares of Aerojet Rocketdyne common stock for $58.00 per share in cash.

Wachtell, Lipton, Rosen & Katz served as legal advisor to Aerojet Rocketdyne.