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Redwire Corporation (symbol: RDW) is a leading provider of mission-critical space solutions and advanced components for the next-generation space economy. With over 30 years of experience in the electronic security industry, Redwire has transitioned seamlessly into the space domain, offering a wide range of products and services tailored to meet the complex needs of future space missions and industries.
Redwire's core business revolves around its space infrastructure offerings, which include state-of-the-art products and services that have been instrumental in enabling various space missions. The company employs a unique Heritage plus Innovation strategy, which combines decades of flight experience with a culture of innovation to develop new technologies. These technologies serve as the foundational building blocks of space infrastructure for both governmental and commercial customers.
Recent achievements highlight Redwire's commitment to excellence and innovation. The company has partnered with key players in the space sector to deliver reliable and effective solutions. Financially, Redwire continues to show robust performance, marked by a steady growth trajectory and strategic investments in cutting-edge technologies.
Redwire’s diverse portfolio includes modern space components, secure communication systems, and advanced engineering services. These offerings not only ensure the success of current space missions but also pave the way for future advancements in space exploration and commercialization.
With a dedicated team of security professionals, Redwire also extends its expertise to governmental, commercial, and residential clients, providing top-tier electronic security solutions.
Redwire (NYSE: RDW) has secured a $45.47 million five-year cost-plus-fixed-fee contract from the Air Force Research Laboratory (AFRL) Space Vehicles Directorate. The contract focuses on designing, developing, and testing prototype software and hardware for mission-critical technologies.
The project aims to develop spacecraft technologies including large deployable structures, thermal management capabilities, payload accommodations, and improved analysis methods for national security applications. The work will be performed at Redwire's Albuquerque facility, which specializes in mechanical, structural, and thermal technologies for satellite and space launch applications.
Redwire (NYSE: RDW) has partnered with YouTuber Mark Rober and CrunchLabs to provide a space camera for the SAT GUS mission. The project will enable users worldwide to upload selfies via spaceselfie.com, which will be displayed on a Google Pixel phone aboard the satellite with Earth as a backdrop using Redwire's HDR camera technology. The initiative, supported by Google Pixel and T-Mobile, aims to promote STEAM education and raise awareness about space's impact on daily life while supporting underserved engineering students globally. Redwire's camera technology has previously supported notable missions including Intuitive Machines' lunar landing and the Artemis I mission.
Redwire (NYSE: RDW) has announced the opening of a regional office in Warsaw, expanding its European operations. The new office will support the company's International Berthing and Docking Mechanism (IBDM) development and testing for the Gateway lunar space station. The Poland office will also collaborate with local universities and research institutions to advance microgravity research capabilities. The company has appointed Marcin Dobrowolski as General Manager, bringing over a decade of aerospace industry experience. This expansion builds upon Redwire's 40-year European spaceflight heritage and supports ongoing ESA missions including Skimsat, IBDM for I-Hab, and Proba-3.
Redwire (NYSE: RDW) reported Q3 2024 financial results with revenues increasing 9.6% year-over-year to $68.6 million. The company completed the acquisition of Hera Systems, expanding its spacecraft portfolio for national security missions. Contracted backlog grew 30.2% to $330.1 million, while total liquidity increased 98% to $61.1 million compared to the previous year. However, net loss widened to $(21.0) million, including an $8.0 million loss contingency related to a securities lawsuit. Adjusted EBITDA decreased to $2.4 million. The company affirmed its 2024 revenue forecast of $310 million.
Redwire (NYSE: RDW) has successfully returned its third batch of pharmaceutical drug crystals from space to Earth. The samples include crystals studied by Eli Lilly and Company using Redwire's PIL-BOX platform. The research builds on a November 2023 investigation that showed insulin crystals grown in microgravity are larger and more ordered than Earth-grown ones.
The PIL-BOX system features an integrated microscope for analyzing crystallization in microgravity. Redwire has processed 16 PIL-BOX units to date and recently launched 12 more units on SpaceX-31 with new partners Bristol Myers Squibb and ExesaLibero Pharma, alongside Butler University. Previous investigations focused on treatments for cardiovascular disease, obesity, and diabetes.
Redwire (NYSE: RDW) has announced it will release its third quarter 2024 financial results after market close on November 6, 2024. The company will host a conference call on November 7, 2024, at 9 a.m. EST to discuss the results. Investors can access the call via phone (800-715-9871 toll-free or 646-307-1963 toll) using conference ID 1891293. A live webcast with slides will be available on the company's investor relations website. A replay will be accessible for two weeks following the event.
Redwire (NYSE:RDW) is preparing to deliver two satellites for the European Space Agency's (ESA) Proba-3 mission in Q4 2023. The company is also integrating spacecraft for two other ESA missions: ALTIUS and an IOD/IOV satellite. These projects are being processed at Redwire's facility in Kruibeke, Belgium, which has become a world-class satellite processing center for major ESA missions.
Redwire is the prime contractor for ALTIUS and one of the IOD/IOV missions, utilizing its P200 platform and third-generation avionics. For Proba-3, Redwire is handling spacecraft integration, testing, and providing the onboard computer. The company's Belgium facility boasts over 40 years of spaceflight experience, having successfully delivered technology for previous PROBA missions with a combined flight time of nearly 50 years without failure.
Redwire continues to support other ESA programs, including Skimsat, the International Berthing and Docking Mechanism for the lunar Gateway, and the Hera mission to study the Didymos binary asteroid system.
Redwire (NYSE: RDW) is providing a critical onboard computer system for the European Space Agency's (ESA) Hera mission, Europe's first planetary defense mission. The mission is a companion to NASA's Double Asteroid Redirection Test (DART), which successfully impacted the Didymos asteroid system in September 2022.
Redwire's Belgian subsidiary developed the third generation Advanced Data and Power Management System (ADPMS-3) for Hera. This onboard computer will control vital spacecraft operations, including power, navigation, and data transmission. It will play a important role in major mission milestones, such as deploying ESA's two deep-space CubeSats and the spacecraft's final orbital insertion at Didymos.
The Hera mission, set to launch in October 2024 on a SpaceX Falcon 9, adds to Redwire's growing portfolio of space solutions for scientific discovery and planetary defense efforts.
Redwire (NYSE: RDW), a leading space infrastructure company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9, 2024, with Redwire's Chief Financial Officer Jonathan Baliff set to present at 9:00 a.m. ET.
This conference provides Redwire an opportunity to showcase its role in the next generation space economy to potential investors and industry professionals. Interested parties can access the presentation via a live webcast, available at the provided web address. This event underscores Redwire's commitment to engaging with the investment community and highlighting its position in the evolving space sector.
Redwire (NYSE: RDW), a leader in space infrastructure, has joined the U.S.-U.A.E. Business Council to foster collaboration with the Emirati space sector. The company has already contributed to U.A.E.'s space endeavors, including the deployment of Redwire-built Roll-Out Solar Arrays on the International Space Station and bioprinting the first human knee meniscus in space.
Redwire's Chief Growth Officer, Mike Gold, praised the U.A.E.'s rapid progress in space exploration and policy leadership. The U.S.-U.A.E. Business Council welcomed Redwire, emphasizing the company's innovative contributions to space infrastructure. This membership aims to expand Redwire's presence in the Middle East and enhance U.S.-U.A.E. collaboration in the growing space sector.
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