Redwire Corporation - RDW STOCK NEWS

Redwire (NYSE:RDW) is preparing to deliver two satellites for the European Space Agency's (ESA) Proba-3 mission in Q4 2023. The company is also integrating spacecraft for two other ESA missions: ALTIUS and an IOD/IOV satellite. These projects are being processed at Redwire's facility in Kruibeke, Belgium, which has become a world-class satellite processing center for major ESA missions.

Redwire is the prime contractor for ALTIUS and one of the IOD/IOV missions, utilizing its P200 platform and third-generation avionics. For Proba-3, Redwire is handling spacecraft integration, testing, and providing the onboard computer. The company's Belgium facility boasts over 40 years of spaceflight experience, having successfully delivered technology for previous PROBA missions with a combined flight time of nearly 50 years without failure.

Redwire continues to support other ESA programs, including Skimsat, the International Berthing and Docking Mechanism for the lunar Gateway, and the Hera mission to study the Didymos binary asteroid system.

Redwire (NYSE: RDW) is providing a critical onboard computer system for the European Space Agency's (ESA) Hera mission, Europe's first planetary defense mission. The mission is a companion to NASA's Double Asteroid Redirection Test (DART), which successfully impacted the Didymos asteroid system in September 2022.

Redwire's Belgian subsidiary developed the third generation Advanced Data and Power Management System (ADPMS-3) for Hera. This onboard computer will control vital spacecraft operations, including power, navigation, and data transmission. It will play a important role in major mission milestones, such as deploying ESA's two deep-space CubeSats and the spacecraft's final orbital insertion at Didymos.

The Hera mission, set to launch in October 2024 on a SpaceX Falcon 9, adds to Redwire's growing portfolio of space solutions for scientific discovery and planetary defense efforts.

Redwire (NYSE: RDW), a leading space infrastructure company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9, 2024, with Redwire's Chief Financial Officer Jonathan Baliff set to present at 9:00 a.m. ET.

This conference provides Redwire an opportunity to showcase its role in the next generation space economy to potential investors and industry professionals. Interested parties can access the presentation via a live webcast, available at the provided web address. This event underscores Redwire's commitment to engaging with the investment community and highlighting its position in the evolving space sector.

Redwire (NYSE: RDW), a leader in space infrastructure, has joined the U.S.-U.A.E. Business Council to foster collaboration with the Emirati space sector. The company has already contributed to U.A.E.'s space endeavors, including the deployment of Redwire-built Roll-Out Solar Arrays on the International Space Station and bioprinting the first human knee meniscus in space.

Redwire's Chief Growth Officer, Mike Gold, praised the U.A.E.'s rapid progress in space exploration and policy leadership. The U.S.-U.A.E. Business Council welcomed Redwire, emphasizing the company's innovative contributions to space infrastructure. This membership aims to expand Redwire's presence in the Middle East and enhance U.S.-U.A.E. collaboration in the growing space sector.

Redwire (NYSE: RDW) has completed its acquisition of Hera Systems, a spacecraft development company specializing in national security space missions. This strategic move expands Redwire's capabilities in geostationary orbit (GEO) and strengthens its position in the national security space sector. Hera Systems reported $15 million in revenue for 2023, contributing to Redwire's growth. As a result, Redwire has adjusted its 2024 revenue guidance from $300 million to $310 million. The acquisition aligns with Redwire's goal of becoming a leading provider for proliferated GEO constellations and enhances its ability to offer mission-critical capabilities to national security customers.

Redwire (NYSE: RDW) has been selected to deliver radio frequency (RF) payloads for a satellite constellation for a leading European defense contractor. This contract expands Redwire's RF offerings to overseas markets. The company will provide multiple shipsets of RF payloads and control electronics, manufactured and tested at their expanded Longmont, Colorado facility.

Redwire is a world leader in antenna production, having delivered over 50 flight antennas with 180+ more in development. The company recently achieved a milestone with the first-ever transmission of a Link 16 signal from space using their antenna. This new contract leverages Redwire's expertise in antenna and RF systems development, as well as their investments in advanced manufacturing and testing capabilities.

Redwire (NYSE: RDW), a leader in space infrastructure, has announced its participation in the Jefferies Industrials Conference on September 4, 2024. The company's Chairman and CEO, Peter Cannito, along with CFO Jonathan Baliff, will deliver a presentation from 7:30-8:00 a.m. ET.

This event provides an opportunity for investors and industry professionals to gain insights into Redwire's operations and future plans. The presentation will be accessible via a live webcast, allowing interested parties to tune in remotely. This announcement underscores Redwire's commitment to transparency and engagement with the financial community, potentially impacting investor interest and stock performance.

Redwire (NYSE: RDW) has announced a definitive agreement to acquire Hera Systems, Inc., a spacecraft developer specializing in national security space missions. This acquisition is expected to enhance Redwire's spacecraft portfolio and support specialized National Security Space missions in geostationary orbit (GEO).

Hera Systems, founded in 2013, focuses on developing high-performance spacecraft for evolving national security requirements. In 2022, Hera Systems was contracted to develop three satellites for U.S. Space Force's Tetra-5 mission. For the year ended December 31, 2023, Hera recorded $15 million in revenue.

As a result of this acquisition, Redwire is adjusting its full-year 2024 revenue guidance from $300 million to $310 million. The transaction is expected to close in the third quarter and will be financed with balance sheet liquidity.

Redwire (NYSE: RDW) reported its Q2 2024 financial results, showing 30% year-over-year revenue growth to $78.1 million. The company experienced a net loss of $18.1 million and Adjusted EBITDA of $1.6 million. Bookings for Q2 2024 were $114.4 million, a 226% sequential increase from Q1. Redwire's contracted backlog grew 29.9% year-over-year to $354 million. The company was awarded a prime contract for the SabreSat VLEO platform under DARPA's Otter program and received a follow-on order for Roll-Out Solar Array wings. Redwire affirmed its 2024 revenue forecast of $300 million, with year-to-date bids reaching approximately $1.9 billion and an LTM Book-to-Bill ratio of 1.28.