
Honeywell Inc. (NASDAQ:HON) signed a Memorandum of Understanding with Redwire Corporation (NYSE:RDW) to help the European Space Agency (ESA) develop a satellite designed for quantum-secured communications.
The deal builds on the Quantum Key Distribution Satellite program, or QKDSat, launched in 2024 under Honeywell's leadership. The public-private partnership brings together aerospace firms from across ESA member nations to build technology that protects sensitive communications.