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QinetiQ Acquires Australian Defense Company, Sells Commercial Space Business To Redwire

Cal Biesecker By
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QinetiQ Acquires Australian Defense Company, Sells Commercial Space Business To Redwire
Air Affairs' facility in Australia. Photo: Air Affairs

Britain’s QinetiQ Group plc on Monday said it has agreed to acquire Air Affairs Australia Pty Ltd., an Australian based defense services company, and also has reached a deal to sell its Belgium-based commercial space business to Redwire Corp. [RDW], building its presence in Europe. Both deals are expected to close within the next six weeks. The pending acquisition of Air Affairs for about $35 million aligns with the company’s strategy of deploying capital in its three home countries: the…

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