Defense and aerospace company Voyager Technologies launched an initial public offering this week, aiming to reach a $1.6 billion valuation. 

The company launched its IPO on Monday with 11 million shares initially offered, priced between $26 and $29. Underwriters also have the option to purchase 1.65 million Class A shares for 30 days. 

Voyager could raise around $367 million in gross proceeds if the IPO successfully reaches its subscription goals. Those proceeds will go toward research and development at the company, Voyager said in a statement. 

Voyager’s IPO follows several years of consolidation and acquisition at the Denver-based company. As Voyager looks to seriously compete in the crowded aerospace market, it has acquired several successful companies. Notably, Voyager purchased Optical Physics Co. and LEOcloud earlier this year. Both companies will help Voyager develop next-generation satellites. 

Stock in the company will be traded on the New York Stock Exchange under the ticker VOYG.

• Vaughn Cockayne can be reached at vcockayne@washingtontimes.com.