Redwire announced that it has signed a definitive agreement to acquire Hera Systems a spacecraft developer focused on specialized missions for national security space customers. With the addition of Hera Systems’ cutting-edge platform, Redwire expects to strengthen its spacecraft portfolio and be well-equipped to support specialized National Security Space missions in geostationary orbit. Hera Systems has experienced profitable topline growth, and for the year ended December 31, 2023, Hera recorded $15M of revenue. Redwire will finance this acquisition with balance sheet liquidity and expects Hera Systems to add meaningfully to future growth and profitability. As part of this acquisition, which is expected to close in the third quarter, Redwire is adjusting its full-year 2024 guidance from $300M in revenue to $310M in revenue. FY24 consensus $304.4M.
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