Acquisition fuels expansion into rapid, high-growth energetics and propulsion markets
DENVER, November 20, 2025–(BUSINESS WIRE)–Voyager Technologies (NYSE: VOYG) acquired Estes Energetics, a leading U.S. manufacturer of energetics, propulsion materials and critical chemical compounds supporting missile defense and tactical munitions.
“We are closing a key gap in our national readiness posture by ensuring American leadership over energetics, which are foundational to how we protect, maneuver and project strength,” said Dylan Taylor, Chairman and CEO, Voyager. “This significantly strengthens the position of our propulsion capabilities from ground to orbit. As global supply chains become increasingly fragile, these capabilities must be built, qualified and safeguarded here at home, with transparent certification, rigorous safety oversight and the surge capacity to meet urgent operational needs.”
With the acquisition, Voyager now delivers greater end-to-end control over the production, quality and certification of energetics materials.
“Energetics are the key to modern all-domain maneuver across commercial, civil and defense, and domestic control of this critical capability is fundamental to mission readiness,” said Matt Magaña, president of Space, Defense & National Security, Voyager. “With Estes, we are strengthening our capabilities as a company, ensuring our ability to provide cost-effective maneuver energy in all forms. And we’re ensuring the ability to scale munitions production quickly and predictably for growing market demand.”
Ensuring robust U.S. production of energetics is a force-multiplier: it removes strategic dependencies, guarantees quality and surge capability when crises arrive, preserves critical skills and directly strengthens national defense and allied support.
“We have the surge capacity, quality oversight and integrated supply chain resilience to support rapid fielding, routine training and long-term modernization,” said Karl Kulling, CEO, Estes Energetics. “Now with Voyager, we can expand production, invest in new capabilities and support customers across defense, space and national security with certainty and scale.”
The acquisition closes a key gap in the domestic industrial base, with full vertical integration from raw materials to ballistic release. This model ensures that vulnerable links in the supply chain are addressed proactively, underpinning the nation’s ability to maintain and modernize munitions and support allied operations to meet the operational demands of defense, homeland security and allied logistics.
