Redwire Completes Acquisition of Hera Systems
Redwire Completes Acquisition of Hera Systems
Expands Company’s National Security Spacecraft Portfolio
Redwire Corporation has completed its previously announced acquisition of Hera Systems, Inc., a spacecraft development company with expertise in specialized missions for national security space customers. The acquisition of Hera Systems expands Redwire’s spacecraft portfolio to support specialized national security space missions in geostationary orbit (GEO).
“Our expanded spacecraft portfolio enables us to offer our customers mission-critical capabilities in GEO."
Peter Cannito, Redwire
“The acquisition of Hera Systems is an exciting and important milestone in Redwire’s growth strategy as we move up the value chain within the national security space sector,” said Peter Cannito, Chairman and CEO of Redwire. “Our expanded spacecraft portfolio enables us to offer our customers mission-critical capabilities in GEO, an increasingly important domain within today’s national security space architectures. We look forward to bringing together our highly complementary solutions as we continue to deliver for our national security customers and advance our goal of becoming a leading provider for proliferated GEO constellations.”
As previously announced, Hera Systems has achieved profitable topline growth, recording $15 million in revenue for the year ended December 31, 2023. As part of this acquisition, Redwire adjusted its full-year 2024 guidance from $300 million in revenue to $310 million in revenue.