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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 Corporation (NYSE: RDW) announced a strong fiscal year ended December 31, 2021, with revenue increasing by 237% to $137.6 million. Total backlog reached $271.6 million, highlighting future growth potential. The acquisition of Techshot Inc. enhances Redwire’s capabilities in bioprinting and space biotechnology. Key achievements include notable contributions to 12 launches and successful deployment of innovative technologies like ROSA solar arrays. For 2022, Redwire expects sales between $165 million and $195 million, with Pro Forma Adjusted EBITDA projected between $8 million and $15 million.
Redwire Corporation (NYSE: RDW) announced it will release its fourth quarter 2021 earnings after market close on
Redwire Corporation (NYSE: RDW) is supplying solar array technology for PlanetiQ's GNOMES-3 weather satellite, launching on April 1, 2022. This satellite will enhance atmospheric measurement, collecting over 2,500 data points daily. GNOMES-3 is part of a planned 20-satellite constellation aimed at improving weather forecasting and monitoring space weather events. Redwire’s technology has already powered previous satellites and will play a crucial role in future missions. This partnership highlights Redwire's expertise in solar power generation for the space industry.
Redwire Corporation (NYSE: RDW) announced its contribution to NOAA's GOES-R series with critical navigation components for the upcoming GOES-T satellite, set to launch on March 1, 2022. This follows a 2015 contract with Lockheed Martin, delivering Coarse Sun Sensor pyramids and a Fine Sun Sensor Assembly. The sensors enhance spacecraft navigation and solar array pointing. Redwire's technology boasts a successful track record, participating in various missions, including NASA's Lucy mission. The GOES satellites are vital for monitoring severe weather across the U.S. and beyond.
Redwire Corporation (NYSE: RDW) has delivered the first set of wired cameras for NASA's Artemis III mission as part of its contract with Lockheed Martin. The cameras are crucial for the Orion spacecraft, designed for deep space missions. This follows a contract awarded in March 2021, extending the partnership to include Artemis missions III through V, with options for further missions. Redwire's advanced camera system is engineered for high performance in space, providing critical imaging capabilities for NASA's exploration goals and supporting the return of humans to the Moon.
Redwire Corporation (NYSE: RDW) announced preliminary financial results for the year ended December 31, 2021, projecting total GAAP revenue between $135 million and $140 million, reflecting strong growth amid operating challenges from the Delta and Omicron variants. The company reported approximately 160% GAAP revenue growth and $269 million to $276 million in total backlog. Additionally, Redwire is addressing potential accounting issues, with no material misstatements found to date.
Redwire Corporation (NYSE: RDW) has successfully delivered its L-Band Link-16 Helical Antenna system for the Space Development Agency's Transport Layer Tranche 0, shipping ahead of schedule. The system is part of a contract awarded in August 2020 to build 10 satellites for communication with ground-mobile users and other space vehicles. The lightweight, ultra-wideband antenna enables beyond line-of-sight communications and is integrated with Redwire’s advanced technologies proven in previous military missions.
Redwire Corporation (NYSE: RDW) is launching four payloads on SpaceX’s CRS-24 mission for NASA to the ISS, focused on advanced materials manufacturing and plant science experiments. Scheduled for December 21 at 5:06 a.m. EST, the mission features innovations in space manufacturing and R&D. Redwire's technologies include the Turbine Superalloy Casting Module, MVP-PLANT-01, Veggie PONDS-03R, and a project on cotton genomics in collaboration with Clemson University. These initiatives aim to enhance scientific discovery and develop technologies beneficial for life on Earth.
Redwire Corporation (NYSE: RDW) announced a three-year supplier agreement with Terran Orbital, focusing on advanced satellite components. This partnership aims to enhance Terran Orbital's satellite manufacturing and service capabilities while maintaining supply chain agility. Redwire will supply key technologies, including solar arrays and avionics systems, developed at its various facilities. The collaboration is set against the backdrop of Terran Orbital's planned merger with a SPAC, indicating potential growth and increased market presence for both companies.
Redwire Corporation (NYSE: RDW) is providing critical navigation and power components for NASA's Imaging X-Ray Polarimetry Explorer (IXPE) mission, set to launch on December 9, 2021. The company delivered a solar panel array and twelve Coarse Sun Sensor detectors, vital for the spacecraft's operation. Redwire's technology underpins essential space applications, leveraging rich experience in solar power solutions. This partnership underscores Redwire's commitment to advancing space exploration through innovative technology.
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