Aerojet Rocketdyne

Aerojet Rocketdyne
NYSE: GY
IndustryAerospace, Defense
Predecessors
Founded2013 (2013)
DefunctJanuary 5, 2026 (2026-01-05)
FateSplit into Rocketdyne and L3Harris Missile Solutions
Headquarters,
U.S.
Key people
Kenneth L. Bedingfield (president)
Revenue US$2.24 billion (2022)
US$145 million (2022)
US$74 million (2022)
Total assets US$2.37 billion (2022)
Total equity US$541 million (2022)
Number of employees
5,283 (2022)
ParentL3Harris
Footnotes / references

Aerojet Rocketdyne was a company, and later a subsidiary of American defense company L3Harris, that manufactured rocket, hypersonic, and electric propulsive systems for space, defense, civil and commercial applications. Aerojet traced its origins to the General Tire and Rubber Company (later renamed GenCorp, Inc. as it diversified) established in 1915, while Rocketdyne was created as a division of North American Aviation in 1955. Aerojet Rocketdyne was formed in 2013 when Aerojet and Pratt & Whitney Rocketdyne were merged, following the latter's acquisition by GenCorp, Inc. from Pratt & Whitney. Aerojet Rocketdyne was acquired by L3Harris in July 2023 for $4.7 billion. In 2026, L3Harris agreed to sell the "Space Propulsion and Power Systems" sector of Aerojet Rocketdyne to AE Industrial Partners, who will spin off the business under the name "Rocketdyne", and to hold an IPO for the remaining "Missile Systems" sector.