Redwire Signs Definitive Deal To Acquire Hera Systems; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Redwire has signed a definitive agreement to acquire Hera Systems, a privately held company specializing in high-performance spacecraft for national security missions. The acquisition will be financed with Redwire's balance sheet liquidity and is expected to close in the third quarter. Redwire has adjusted its full-year 2024 revenue guidance from $300 million to $310 million.
August 14, 2024 | 9:27 pm
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Redwire has signed a definitive agreement to acquire Hera Systems, which is expected to enhance future growth and profitability. The company has adjusted its full-year 2024 revenue guidance from $300 million to $310 million.
The acquisition of Hera Systems is expected to contribute significantly to Redwire's future growth and profitability. The adjustment in revenue guidance for 2024 indicates a positive outlook, which is likely to have a favorable short-term impact on Redwire's stock price.
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