Redwire Corporation, a leader in space infrastructure for the next generation space economy, today announced that it has completed its previously announced acquisition of Hera Systems, Inc., a spacecraft development company with expertise in specialized missions for national security space customers.
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The acquisition of Hera Systems expands Redwire’s spacecraft portfolio to support specialized national security space missions in geostationary orbit (GEO). GH Partners LLC served as financial advisor and Hogan Lovells served as legal advisor to Redwire.
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“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.
About Redwire
Redwire Corporation is a global space infrastructure and innovation company enabling civil, commercial, and national security programs. Redwire’s proven and reliable capabilities include avionics, sensors, power solutions, critical structures, mechanisms, radio frequency systems, platforms, missions, and microgravity payloads. Redwire combines decades of flight heritage and proven experience with an agile and innovative culture.
Redwire’s approximately 700 employees working from 16 facilities located throughout the United States and Europe are committed to building a bold future in space for humanity, pushing the envelope of discovery and science while creating a better world on Earth.
About Hera Systems
Hera Systems is redefining the standards of performance in small satellites to empower critical missions in defense and security. We focus a wealth of government and commercial experience on innovative patented designs, agile development and rapid deployment. Our smart bus and platform products are driving the transition of key Space infrastructure to smallsat-based solutions.
