Welcome to our dedicated page for Redwire Corporation news (Ticker: RDW), a resource for investors and traders seeking the latest updates and insights on Redwire Corporation stock.
Redwire Corporation (RDW) delivers mission-critical space infrastructure solutions through its unique blend of aerospace heritage and technological innovation. This dedicated news hub provides investors and industry professionals with essential updates on the company's strategic developments in the evolving space economy.
Access authoritative reporting on Redwire's operational milestones including contract awards, R&D breakthroughs, and partnership announcements. Our curated collection features official press releases and verified news covering satellite component innovations, in-space propulsion advancements, and government contract updates.
Key focus areas include systems integration achievements, space manufacturing developments, and leadership in sustainable orbital infrastructure. Stay informed about RDW's position in critical markets through comprehensive coverage of earnings announcements, strategic collaborations, and technology transfer initiatives.
Bookmark this page for streamlined access to Redwire's latest business developments. Regularly updated content ensures you maintain current awareness of this aerospace innovator's progress in advancing space exploration capabilities.
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.
Vast, a space habitation technology company, has announced the Haven-1 Lab, the world's first commercial microgravity research, development, and manufacturing platform on a space station. Set to launch no earlier than the second half of 2025, the Haven-1 Lab will provide a hub for companies, governments, and other entities to collaborate on science, research, and in-space manufacturing.
The lab features 10 Middeck Locker Equivalent payload slots, each with a capacity of 30 kg and 100 W of continuous power. Vast has partnered with Redwire and Yuri as inaugural payload partners, leveraging their expertise in microgravity research and biotech development. The Haven-1 Lab aims to bridge the gap between the International Space Station's eventual retirement and the new era of commercial space stations.
Redwire (NYSE: RDW) is launching a groundbreaking experiment to the International Space Station (ISS) to analyze the effects of microgravity on tissue bioprinting and culturing. In collaboration with Wake Forest Institute of Regenerative Medicine, Redwire will culture 36 bioprinted vascularized liver tissue constructs in space. This initiative aims to determine if liver cells bioprinted on Earth can form functioning blood vessels in microgravity, potentially addressing the global organ shortage.
Redwire has made significant progress in space biotech, successfully bioprinting human knee meniscus and heart tissue samples in space. The company is also launching four drug manufacturing experiments in its PIL-BOX system, marking its third spaceflight mission in 10 months. These experiments will launch to the ISS aboard the Northrop Grumman NG-21 cargo resupply mission in early August 2024.
