How are space businesses valued?

On contracted revenue and technological position: capacity and service contracts with their duration and counterparties, IP strength, qualification heritage and the institutional-commercial pipeline mix. Buyers review flight-proven status and multi-year backlogs as evidence of technology performance and contracted demand.

Does investment screening apply to aerospace deals?

Frequently. Aerospace and defence are named among the critical sectors in the 2023 screening law, so non-EU/EEA acquisitions of control can require clearance, and dual-use export controls apply independently. Both are scoped with counsel before a buyer list is built.

Who buys aerospace and space companies?

International aerospace and satellite strategics, space-focused investors and industrial groups adding capability, filtered through the screening and export-control perimeter. The buyer list and process should account for the screening and export-control requirements applicable to each international bidder.

How is IP from public programmes handled?

Carefully. Work developed under institutional contracts and public programmes carries specific ownership and usage terms, and buyers verify what the company owns outright, what it licenses and what obligations attach. A clean IP register organised by origin is core preparation.

What role do key engineers play in these deals?

A central one. Qualification knowledge and customer confidence often sit with named individuals, so buyers assess retention risk and structure incentives accordingly. Buyers review documented processes and the skills available across the engineering team when assessing key-person dependence.

What does the local ecosystem contribute?

Luxembourg maintains a dedicated space agency and an established satellite industry around SES, which keeps specialised talent, institutional relationships and sector credibility locally available. Buyers weigh that context, but they underwrite each company on its contracts, technology and team.

Industrial & Manufacturing

What Is a Aerospace & Defense Business Worth? – Luxembourg

A aerospace & defense business typically sells for 7.7x to 13.7x EBITDA. Where yours lands depends on size, growth and owner dependence. Get your instant estimate in EUR below.

Aerospace & Defense Valuation Multiples

EBITDA Multiple10.47x typical

7.74x10.47x13.65x

Revenue Multiple2.28x typical

1.37x2.28x3.19x

Based on middle-market transaction data. Actual multiples vary based on company-specific factors.

Key Value Drivers for Aerospace & Defense

01Airbus supplier status
02MRO capabilities
03Defense technology expertise
04Security clearances
05Innovation focus

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How to value a Aerospace & Defense business in Luxembourg

Luxembourg's aerospace sector is space-led: the satellite operator SES is headquartered in Betzdorf, the country operates a dedicated space agency, and a community of space-technology companies has grown around that base. Defence-related activity is comparatively small; for most transactions here, aerospace means satellites, space services and the technologies around them.

Buyers value space and aerospace businesses on contracted revenue and technological position: long-term capacity or service contracts, the intellectual property behind the technology, qualification heritage, flight-proven status where applicable, and the pipeline of institutional and commercial customers, including European space programmes.

Regulatory position is decisive in this sector. Aerospace and defence appear among the critical sectors in Luxembourg's investment screening law of 14 July 2023, so acquisitions of control by non-EU/EEA investors can require screening, and export-control rules apply to dual-use technologies. Buyers and sellers scope both early.

The buyer pool is international: aerospace and satellite strategics, space-focused investors and defence-adjacent industrial groups, subject to the screening perimeter. Diligence covers contract backlogs and counterparties, IP ownership including work developed under public programmes, key engineering staff, and compliance with export-control obligations.