Honeywell and Redwire Collaborate to Develop Quantum-Secure Satellite for Europe
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Partnership Announcement: Honeywell Inc. has signed a Memorandum of Understanding with Redwire Corporation to assist the European Space Agency in developing a satellite for quantum-secured communications, building on the Quantum Key Distribution Satellite program initiated in 2024.
Collaboration Goals: The partnership aims to integrate Redwire's quantum platform with Honeywell's optical payload by mid-2026, enhancing security for government and defense communications while also providing services to commercial sectors like banking and telecommunications.
Analyst Views on ITA
Wall Street analysts forecast ITA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ITA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
