WASHINGTON — Rocketdyne is returning as an independent company as AE Industrial Partners completes its purchase of L3Harris Technologies’ space propulsion, power and electronics units, separating a 1,300-person space supplier from the missile businesses L3Harris plans to keep.

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Sandra Erwin writes about military space programs, policy, technology and the industry that supports this sector. She has covered the military, the Pentagon, Congress and the defense industry for nearly two decades as editor of NDIA’s National Defense...