Reports Q3 revenue $68.6M, consensus $70.51M. “Mergers and acquisitions are a core strength of Redwire (RDW) and important to our growth strategy. During the third quarter, Redwire returned to our M&A roots by closing on the purchase of Hera Systems – our tenth acquisition. Hera Systems brings a highly competent team and two new platforms to Redwire’s spacecraft portfolio, expanding our ability to execute larger missions, particularly in our national security segment,” stated Peter Cannito, Chairman and Chief Executive Officer of Redwire. “The significant increase in bids submitted and backlog on a year-over-year basis indicates that our growth strategy is showing increasing potential.”
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDW:
- Trade Desk downgraded, First Solar upgraded: Wall Street’s top analyst calls
- Redwire downgraded to Neutral from Buy at B. Riley
- Redwire launches investigation to ISS with BMS to study drugs with PIL-BOX
- Redwire prepares for major European satellite delivery in Q4
- Redwire provides critical onboard computer system for ESA’s Hera misssion