Redwire Corporation
Redwire to Acquire Hera Systems and Adjust Revenue Guidance
Summary
On August 14, 2024, Redwire Corporation announced the acquisition of Hera Systems, a spacecraft developer specializing in national security missions. As part of this acquisition, Redwire revised its full-year 2024 revenue guidance upwards by $10 million to $310 million. The acquisition is expected to close in the third quarter, with Hera Systems contributing to Redwire's growth and profitability. A press release detailing the acquisition and updated guidance is furnished as Exhibit 99.1.
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Exhibits (1)
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About Redwire Corporation
Redwire Corporation is a distinctive player in the aerospace and defense industry, specializing as a provider of mission-critical space solutions and components. The company's primary function is to innovate and deliver cutting-edge technologies that support satellite assembly, space exploration, and infrastructure development in the expanding commercial space industry. Redwire stands out for its comprehensive suite of offerings, ranging from advanced sensors and space antennas to deployable structures and in-space manufacturing capabilities. With a focus on servicing both governmental and commercial entities, Redwire Corporation plays a pivotal role in enhancing the reliability and efficiency of space operations. Since its formation, the company has become a crucial partner to established and emerging space enterprises, contributing to significant projects such as manned space missions and Earth observation satellites. Redwire's ongoing commitment to technological advancement positions it as a key contributor to the sustainability and growth of the space economy, fostering innovation and exploration beyond traditional frontiers.
Official SEC Documents
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