Redwire (NYSE: RDW) has closed its purchase of spacecraft developer Hera Systems in a transaction that expands its portfolio of spacecraft to support national security space missions in geostationary orbit.
In a statement published Tuesday, Redwire Chairman and CEO Peter Cannito said the acquisition marks a key milestone in the space infrastructure company’s growth strategy and enables it to provide customers with mission-critical capabilities in GEO.
“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,” added Cannito.
In mid-August, Redwire agreed to buy Hera Systems for an undisclosed sum to broaden its national security mission capabilities.
With the latest transaction, Redwire increased its 2024 full-year guidance to $310 million in revenue, up from $300 million.
GH Partners and Hogan Lovells, respectively, acted as Redwire’s financial adviser and legal counsel in the acquisition.
