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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.
The upcoming NG-18 mission to the International Space Station will launch on November 6, 2022, showcasing over 20 investigations, including a study on mudslide prevention and a new 3D bioprinter from Redwire Space (NYSE: RDW). This mission carries more than 800 pounds of supplies and research aimed at enhancing our understanding of microgravity effects on human tissues and cardiac muscle cells. Notable projects involve collaborations from University of California, San Diego and Emory University.
Redwire Corporation (NYSE: RDW) announced a definitive agreement to acquire QinetiQ Space NV for €32 million, set to enhance revenue and backlog. The acquisition aligns with Redwire's strategy to grow in the European market and leverage Space NV's expertise in critical space infrastructure. The transaction is expected to be accretive to Adjusted EBITDA and Free Cash Flow upon closing, with a projected backlog of €113 million for Space NV. Financing commitments from AE Industrial Partners are in place, and the deal is anticipated to close in Q4 2022.
Redwire Corporation (NYSE: RDW) has supplied critical navigation components and Roll-Out Solar Array (ROSA) technology for NASA's Double Asteroid Redirection Test (DART) mission, marking a pioneering effort in planetary defense. Set to impact the binary asteroid system Didymos on September 26, 2022, DART has traveled approximately 7 million miles since its launch on November 24, 2021. Redwire's ROSA wings and digital sun sensors have powered the spacecraft, showcasing innovative technology designed for various space applications, including the International Space Station and NASA’s Gateway program.
Redwire Corporation (NYSE: RDW) has signed a memorandum of understanding (MOU) with Bradford Space and the Swedish Space Corporation to provide a commercial orbital debris removal service. This partnership aims to address the growing issue of space debris, enhancing safety for spacecraft operations. Redwire will contribute its expertise in robotic hardware and guidance systems to develop this service, which targets congested orbits, including Sun-synchronous orbits. This collaboration marks increased interest in international space partnerships, highlighting the importance of sustainable space exploration.
Redwire Corporation (NYSE: RDW) has announced a formal teaming agreement with Sodern to develop the Eagle Eye star tracker. This partnership will utilize Sodern's highly resilient Hydra star trackers, which have been utilized on over 60 spacecraft since 2012. Redwire will manufacture the Eagle Eye at its Marlborough, Massachusetts facility, ensuring high reliability and performance for U.S. customers, including those in the national security sector. The Eagle Eye tracker is designed for longevity, with 10- and 18-year lifespans for LEO and GEO missions, respectively.
Redwire Corporation (NYSE: RDW) announced that its advanced sun sensor components and optical imaging technologies will be launched on NASA’s Orion spacecraft as part of the Artemis I mission. Set to launch on August 29, 2022, the mission aims to facilitate humanity's return to the Moon and future crewed missions to Mars. Redwire is providing the Orion Camera System and Coarse Sun Sensor assemblies, enhancing navigation and inspection capabilities for the spacecraft. The company continues to build on its legacy of over 50 years supporting NASA's space exploration initiatives.
Redwire Corporation (NYSE: RDW) announced the launch of the first commercially owned and operated plant growth platform for space, named Redwire Greenhouse, set for spring 2023. This initiative aims to grow plants from seed to maturity aboard the International Space Station (ISS). Partnering with Dewey Scientific, the inaugural flight will involve a gene expression study using industrial hemp. The greenhouse supports NASA's long-term plans and advances capabilities for future space exploration, promising critical insights into crop production in space.
Redwire Corporation (NYSE: RDW) reported a 14.2% year-over-year revenue increase, reaching $36.7 million for Q2 2022, driven by successful contract delivery and operational successes. However, a net loss of $(77.0) million, primarily due to an $80.5 million non-cash impairment charge, significantly impacted overall performance. The company expects revenue between $165 million and $175 million for FY 2022, with a forecast of positive Adjusted EBITDA in the latter half of the year. Notably, Redwire's book-to-bill ratio of 1.68 signals strong future prospects.
Redwire Corporation (NYSE: RDW) is set to announce its financial results for the second quarter ending June 30, 2022, at 7 a.m. ET on Wednesday, August 10, 2022. A conference call to discuss these results will follow at 9 a.m. ET, accessible via phone at 877-485-3108 (toll-free) or 201-689-8264 (toll). A live presentation will be available online. For those unable to attend, a replay will be accessible for two weeks. Redwire is a leader in space infrastructure, focusing on solar power and in-space manufacturing.
Redwire Corporation (NYSE: RDW) is developing an innovative platform called PIL-BOX to manufacture protein-based pharmaceuticals in microgravity. Partnering with Eli Lilly, the PIL-BOX project aims to optimize crystal growth of key medical compounds. This collaboration could enhance drug development processes, particularly for diabetes and cardiovascular treatments. Redwire leverages its extensive space manufacturing expertise to create valuable solutions for pharmaceutical challenges. The PIL-BOX is supported by NASA through its In Space Production Applications program.
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