Aerojet Rocketdyne’s facility in Redmond, Washington, is set for a rebranding to the historic name Rocketdyne as part of a new joint venture. This venture, established under an $845 million agreement, involves L3Harris Technologies and AE Industrial Partners.
In 2023, L3Harris acquired Aerojet Rocketdyne for $4.7 billion and now intends to sell a majority stake in its Space Propulsion and Power Systems business to AE Industrial. L3Harris will maintain 40% ownership in the forthcoming Rocketdyne entity, with the transaction anticipated to finalize in the latter half of 2026, pending regulatory approvals.
The Redmond facility has a rich history, producing propulsion systems for various NASA missions, including the Artemis moon program and Mars rovers. Currently, it employs over 400 individuals. Notably, the site is recognized as the Seattle area's oldest facility dedicated solely to rocket production, originally founded in 1960 as Rocket Research Co. by former Boeing engineers.