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.
Dell’s John Garrett says autonomous systems are transforming military and national security operations AI enables machine-speed decision-making for autonomous defense…
Elsevier examines storytelling’s role in research impact reporting The academic publishing company outlines “Quest Story” and “Monster Story” narrative frameworks…
Aether Aerospace has appointed David Radcliffe as chief operating officer The veteran defense executive will oversee operational growth and integration…
