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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 its inclusion in the Russell 3000 Index, effective June 27, enhancing its visibility in the investment community. The Chairman and CEO, Peter Cannito, emphasized this milestone reflects Redwire's growth and position as a leader in space infrastructure. Membership in the Russell 3000 also ensures automatic inclusion in either the Russell 1000 or Russell 2000 Index. FTSE Russell's indexes are benchmarked by approximately $12 trillion in assets, indicating significant market impact.
Redwire Corporation (NYSE: RDW) has successfully delivered the second pair of International Space Station Rolls-Out Solar Arrays (iROSA) to Boeing. This on-time delivery follows rigorous testing, and the arrays will soon launch on a commercial resupply flight to the ISS. Under contract with Boeing, Redwire is set to deliver six iROSA units that will enhance the ISS's power supply by 20-30%. Each array utilizes advanced solar cells, providing over 28 kilowatts of power, significantly boosting the ISS's capabilities. This technology supports various government and commercial space applications.
Redwire Corporation (NYSE: RDW) announced the first sale of its space-manufactured optical crystal to researchers at The Ohio State University's CEMAS. The sale involved two grams of crystal valued at about $2 million per kilogram. This marks a significant milestone for space commercialization, as it showcases the potential of in-space manufacturing. The optical crystals could enhance high-power laser systems on Earth due to fewer defects compared to Earth-manufactured crystals. This achievement highlights Redwire's commitment to expanding production capabilities in low-Earth orbit.
Redwire Corporation (NYSE: RDW) has secured a contract to deliver 42 high gain antennas for a national security customer's low-Earth orbit satellite constellation. The antennas, which enhance beyond line-of-sight communications, are scheduled for delivery within 18 months. The production will take place at Redwire's Longmont, Colorado facility, which can produce over 120 antennas. This builds on Redwire's previous success in delivering antennas for the initial phase, underscoring their commitment to advanced antenna technology for national security applications.
Redwire Corporation (NYSE: RDW) will host a ribbon-cutting ceremony on May 19 at its facility in Luxembourg City. The event will feature a tour of the laboratories, technology displays, and speeches from key figures including Luxembourg’s Minister of Economy Franz Fayot and U.S. Ambassador to Luxembourg Thomas Barrett. Redwire specializes in developing robotic arms for various space missions, including satellite life extension and lunar operations. Media are invited to RSVP to Austin Jordan at austin.jordan@redwirespace.com.
Redwire Corporation (NYSE: RDW) reported Q1 2022 revenue of $32.9 million, a 3.7% increase from $31.7 million year-over-year. However, the company faced a net loss of $(17.3) million and an Adjusted EBITDA of $(4.7) million. Challenges included delays in contract awards and supply chain issues. The total backlog stood at $273.9 million, and the firm secured contracts for multiple high gain antenna systems and was awarded a position on a $950 million IDIQ contract for the U.S. Air Force. The company has over $30 million in liquidity, indicating a strong capital position.
Redwire Corporation (NYSE: RDW) will announce its first-quarter financial results for the period ending March 31, 2022, on May 12, 2022, at 5:30 p.m. ET. Investors can join the earnings conference call by calling 877-485-3108 (toll-free) or 201-689-8264 (toll). A live audio webcast will also be available on the Redwire Investor Relations website. For those unable to attend, a replay will be accessible for two weeks. Redwire specializes in space infrastructure and innovative technologies, supporting the future of space missions.
Redwire Corporation (NYSE: RDW) announced that NASA Administrator Bill Nelson will visit its Jacksonville headquarters on May 10. During the visit, he will tour the Archinaut testing lab, which focuses on self-assembling spacecraft, and discuss advanced manufacturing capabilities supporting NASA's lunar and Martian missions. The event includes a media tour and Q&A session. Redwire is positioned as a leader in space infrastructure, emphasizing its role in future space missions through innovative technologies like 3D printing.
Redwire Corporation (NYSE: RDW) has appointed Al Tadros as Chief Technology Officer, bolstering its technical leadership. Previously the Chief Growth Officer, Tadros brings over 30 years of space industry experience, focusing on large technical programs. This transition also sees Michael Gold and Dean Bellamy expand their roles to lead the company's growth strategy in civil and commercial space and national security space, respectively. Redwire aims to enhance its technology ecosystem and innovate future space infrastructure.
Redwire Corporation (NYSE: RDW) announced a common stock purchase agreement worth
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