Redwire: H1 revenue up 41%, 60% of it from Europe; backlog up 30%; on track for $300M-revenue year; VLEO looks promising

by Peter B. de Selding

LA PLATA, Maryland — Diversified space hardware manufacturer Redwire Corp. said it’s on track to increase revenue by 23% in 2024, to $300 million, as it positions itself to move up the value chain to take on larger contracts for full orbital systems.

Redwire’s multiple acquisitions in the past three years — its latest was the Aug. 14 purchase of U.S.-based privately held Hera Systems Inc., a government spacecraft builder, for an undisclosed sum — has given the company multiple uncorrelated business niches to protect its business from . . .

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