Redwire Corporation - RDW STOCK NEWS

Redwire (NYSE: RDW) has secured a study contract from the European Space Agency (ESA) for the ARRAKIHS mission, focused on imaging faint galaxies and studying dark matter. Through its Belgian subsidiary, Redwire Space NV, the company will lead one of two parallel industry studies for Phase A and B of the mission.

The project will utilize an adapted version of Redwire's Hammerhead small satellite platform and avionics capabilities. If selected for implementation, Redwire will integrate the full satellite in its Belgian cleanroom facilities. The company's European facility boasts over 40 years of spaceflight experience, having successfully delivered PROBA-1, PROBA-2, and PROBA-V missions with a combined flight time of nearly 50 years without failure.

ESA expects to decide on mission adoption by mid-2026. The project is part of ESA's Fast class missions program, which aims to reduce time from concept to scientific data delivery.

Redwire (NYSE: RDW) has secured a contract from Orion Space Solutions to provide a Mako spacecraft for the U.S. Space Force's Tetra-6 mission. This follows the Tetra-5 mission, for which Redwire is delivering two Mako spacecraft. The spacecraft will be pioneering as the first satellites in geosynchronous orbit (GEO) capable of being refueled and demonstrating compatibility with multiple refueling mechanisms.

The Tetra-5 mission will showcase key capabilities including inspection, docking, on-orbit refueling, proximity operations, and next-generation autonomy techniques. Redwire's spacecraft portfolio now includes five platforms: Mako, Thresher, Hammerhead, SabreSat, and Phantom, serving various orbits from very low-Earth to geosynchronous orbit. The company is currently building spacecraft for multiple U.S. Department of Defense customers and the European Space Agency.

Special Aerospace Services (SAS), a leader in space, hypersonics and missile defense, announced key leadership changes. Warren S. Kohm has been appointed as Chief Executive Officer, succeeding co-founder Heather Bulk, who transitions to Vice Chairman. Additionally, Bill Read, former CFO of Redwire (NYSE: RDW), joins as platform CFO.

Kohm, who previously served as platform CFO, brings over 25 years of leadership experience in government contracting. Under his tenure as CFO, he helped integrate the SAS platform, which now includes four companies and a new manufacturing facility scheduled for completion this summer. His background includes strategic roles at Red River, Alion Science, and Booz Allen Hamilton.

The leadership transition aims to guide SAS into its next growth phase, focusing on strengthening partnerships and building new client relationships across the platform.

Virgin Galactic (NYSE: SPCE) has partnered with Redwire (NYSE: RDW) to manufacture research payload lockers for Virgin Galactic's new Delta-Class spaceships. The collaboration aims to enhance microgravity research capabilities with state-of-the-art 'plug-and-play' lockers that provide real-time data during spaceflight.

Redwire, experienced in developing biotech and industrial-manufacturing technologies for microgravity environments, has created 20 research facilities for crewed spacecraft, with 10 currently on the International Space Station. Each Delta-Class spaceship will accommodate five payload racks, hosting up to 20 lockers total, supporting both autonomous and human-tended research.

The first Delta-Class spaceships are scheduled to begin commercial service in 2026. Virgin Galactic has already conducted seven research missions, featuring experiments in biology, autonomous systems, medical devices, combustion studies, and physical sciences.

Redwire has announced the acquisition of Edge Autonomy, a move aimed at creating a multi-domain, scaled, and profitable space and defense technology company. This strategic acquisition significantly expands Redwire's portfolio to include combat-proven autonomous airborne platforms, enhancing its capabilities in supporting critical defense missions.

The acquisition is expected to generate substantial synergies, enabling operational efficiencies and market expansion. Redwire's integration with Edge Autonomy is projected to enhance its technological offerings and improve profitability, positioning the company as a leading player in the space and defense sectors.

The transaction aligns with Redwire's long-term growth strategy, aiming to leverage Edge Autonomy's advanced technologies and market reach. Details regarding the financial terms of the acquisition were not disclosed in the announcement.

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.