Insider Brief
- Redwire Corporation plans to acquire Hera Systems to enhance its spacecraft portfolio and its capabilities in supporting specialized National Security Space missions, particularly in geostationary orbit (GEO).
- This will mark Redwire’s eighth major acquisition in four years, contributing to the company’s strategy to diversify and expand its offerings in the space industry.
- Redwire expects the deal to close in Q3 of 2024, raising its revenue guidance for the year to $310 million.
Redwire Corporation has announced its plan to acquire Hera Systems, a spacecraft developer specializing in national security missions. This acquisition will enhance Redwire’s spacecraft portfolio, particularly for geostationary orbit (GEO) missions, a critical area for national defense.
Hera Systems, founded in 2013, has earned a reputation for designing advanced spacecraft with capabilities tailored to national security needs. The company’s platform includes cyber-secure communications, resilient power systems, and onboard machine learning, all of which are crucial in contested space environments. Their recent work includes a contract with the U.S. Space Force to develop satellites for the Tetra-5 mission, which involves on-orbit servicing in GEO.
Redwire’s acquisition of Hera Systems will mark its eighth major acquisition in four years, reinforcing its strategy to diversify and expand its offerings in the space industry. Anup Gholap, Space Impulse Market Analyst, highlights that Redwire’s acquisition strategy has been pivotal in expanding its expertise across various domains, including Modular Spacecraft Development, In-Space Manufacturing and Assembly, and Spacecraft Components and Systems.
The addition of Hera Systems will strengthen Redwire’s position in the national security space sector and advance its growth strategy by enhancing its capabilities in emerging hybrid architectures.
Redwire’s Recent Acquisition Activity
- Made In Space (June 2020): In-space manufacturing and assembly technologies
- Roccor (October 2020): Deployable booms, structures, antennas, thermal products, and solar arrays
- LoadPath (December 2020): Engineering services and technologies for space applications
- Oakman Aerospace (January 2021): Modular spacecraft development
- Deployable Space Systems (February 2021): Satellite mechanisms
- Techshot (November 2021): Biotechnology, Microgravity
- QinetiQ Space NV (November 2022): Advanced payloads, small satellite technology, and space instruments
- Hera Systems (August 2024): Spacecraft development
The Redwire team expects the deal to close in Q3 of 2024, raising its revenue guidance for the year to $310 million.
Image credit: Redwire
Share this article:
