L3Harris Technologies plans to use $216 million in Defense Production Act funding to boost capacity and long-term growth at recently acquired Aerojet Rocketdyne, executives said today. Acquired on July 28 , solid-rocket motor supplier Aerojet brought in $455 million in revenue for L3Harris in August and September, according to the company’s third-quarter financial earnings letter released last night. The revenue was generated predominantly from contracts for the Guided Multiple Launch Rocket System, Terminal High Altitude Area Defense system and Patriot...
