Redwire Corporation - RDW STOCK NEWS

Flowco (NYSE: FLOC), formed through the merger of Flowco Production Solutions, Estis Compression, and Flogistix, has successfully completed its initial public offering. The company, backed by Genesis Park, Global Energy Capital, and White Deer Energy, is a comprehensive provider of production optimization and artificial lift solutions in the oil and gas industry.

Headquartered in Houston, Texas, Flowco employs approximately 1,300 people and operates across all major domestic oil and gas basins, with expanding international operations. The company serves 22 of the top 25 U.S. producers, offering services including high pressure gas lift, traditional gas lift, plunger lift, and vapor recovery solutions.

This marks Genesis Park's second successful public offering from its Genesis Park II, LP portfolio, following Redwire (NYSE:RDW). Jonathan Fairbanks will serve as Board Chairman, with Paul Hobby joining the Board of Directors.

Redwire (NYSE: RDW) has successfully delivered the fourth pair of Roll-Out Solar Array (ROSA) wings for the International Space Station (ISS) through a follow-on contract with Boeing. This delivery marks the completion of eight ROSA wings produced, with six currently deployed and operating on the ISS.

Each ROSA wing provides over 20 kW of power for more than 10 years, with all eight wings combined delivering more than 160 kW. The latest wings have completed acceptance testing and are undergoing flight package integration at NASA's Kennedy Space Center, awaiting launch on an upcoming commercial resupply mission.

The ROSA technology has proven successful not only on the ISS but also in other space missions, including NASA's DART spacecraft mission to asteroid Dimorphos. Redwire is currently developing ROSA systems for NASA's Gateway program and Astrobotic's Lunar Vertical Solar Array program for lunar surface power solutions.

Phase Four, a leader in advanced in-space propulsion design, announced the first close of its Series C funding round, securing nearly 60% of the target raise. The round is led by Artemis Group Capital, headed by former NASA Administrator Jim Bridenstine.

The company is partnered with Redwire Space (RDW) on the Valkyrie propulsion system. With the new capital, Phase Four plans to increase production of its Valkyrie family of Hall Effect Thrusters to a minimum of 250 units annually, while advancing next-generation thruster technologies for Defense and National Security customers.

The funding round is expected to close by the end of Q1 2025, with proceeds directed towards expanding manufacturing, accelerating R&D efforts, and strengthening strategic partnerships in the space economy. This expansion addresses a critical supply-demand gap in the space industry, particularly in the growing market for small satellite constellations.

Redwire (NYSE: RDW) has announced the integration of its camera technology into Firefly's Blue Ghost lunar lander's first Moon mission. The company has delivered 12 flight cameras, a vision navigation processor, and two flight floodlights for the mission, which is part of NASA's Commercial Lunar Payload Services (CLPS) initiative.

The camera system will provide wide fields of view, color, and monochrome imagery to support spacecraft operations. The navigation cameras will be important for terrain relative navigation operations, enabling autonomous lunar surface touchdown. The mission is scheduled to launch from Kennedy Space Center no earlier than mid-January 2025.

This collaboration builds on Redwire's previous space camera experience, including support for NASA's Artemis I mission. The company has also secured a contract for Firefly's Blue Ghost Mission 2, which includes nine flight cameras, two flight floodlights, and a vision navigation processor.

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.