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) has signed a memorandum of understanding (MOU) with Consolidated Safety Services, Inc. (CSS) to jointly pursue task orders under NASA's $478 million Research, Engineering & Mission Integration Services-2 (REMIS-2) contract for the International Space Station (ISS). The partnership aims to provide spaceflight hardware, engineering services, payload integration, and research mission operations for the ISS Program.
Redwire, with its extensive experience in human spaceflight and ISS contributions, currently owns nine payloads and facilities on the ISS and has managed three NASA-owned research facilities. This collaboration with CSS is expected to expand Redwire's legacy in supporting ongoing space station operations, leveraging its expertise in critical hardware and technology systems development.
Redwire (NYSE: RDW) has announced its plans to release second quarter 2024 financial results on August 7, 2024, after market close. The company will host a conference call on August 8, 2024, at 9 a.m. EDT to discuss the results. Investors can access the call via phone or a live-streamed webcast with accompanying slides. For those unable to attend live, a replay will be available for two weeks following the event. The earnings release and related information will be accessible on the company's website at redwirespace.com.
Redwire (NYSE: RDW) has secured a follow-on order to develop and deliver additional Roll-Out Solar Array (ROSA) wings for Thales Alenia Space's Space Inspire satellites. This order increases the total number of shipsets Redwire will deliver under its existing agreement with Thales Alenia Space, a leading prime manufacturer of space solutions.
Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), specializes in telecommunications, Earth observation, exploration, and navigation satellites. The Space Inspire product line represents their newest geostationary telecommunications satellites, supported by the French national space agency CNES.
Mike Gold, Redwire's Chief Growth Officer, emphasized the company's commitment to flawless execution and on-time delivery to ensure customer success in connecting the world through ultra-flexible and robust satellite capabilities.
Phase Four, a leader in electric propulsion for satellites, has signed a strategic cooperation agreement with Redwire Space to develop and deliver Hall Effect Thrusters (HETs) for government and commercial markets. Utilizing the NASA-designed H71M Hall Effect Thruster, the collaboration aims to produce a line of propulsion systems called the Valkyrie System. These systems will offer features like post-launch reprogramming, multiple set-points for optimization, and extensive telemetry for fuel management and extended satellite life.
This partnership represents a significant step in Phase Four's expansion of its product offerings, which already include the Maxwell product line and other innovative propulsion technologies. The agreement is expected to address supply chain challenges and support national security programs, promising a robust market for these advanced thrusters.
Redwire (NYSE: RDW) has signed a strategic cooperation agreement (SCA) with Phase Four to develop advanced thruster technology for high-volume production, addressing the increased demand in national security space programs. The collaboration will focus on creating the Valkyrie Thruster, a reliable and scalable Hall Effect Thruster (HET). Redwire and Phase Four will leverage their expertise to produce and integrate the thruster, power processing unit hardware, and related software. The Valkyrie thrusters are expected to enter full-rate production by 2025, supporting both civilian and military space operators.
Redwire (NYSE: RDW), a prominent player in space infrastructure, is set to participate in the Jefferies Virtual Space Summit. The event, scheduled for June 25, 2024, will feature a presentation by Redwire's Chairman and CEO, Peter Cannito. His presentation will commence at 11:40 a.m. EDT and will be available for live streaming through the provided web link: https://wsw.com/webcast/jeff310/redw/1847054.
This announcement underscores Redwire's significant role in the next-generation space economy, highlighting their leadership and strategic initiatives in the industry.
Redwire (NYSE: RDW) has been awarded a DARPA prime contract to develop an air-breathing satellite leveraging its SabreSat VLEO platform. The satellite will demonstrate novel electric propulsion systems in very low-Earth orbit (VLEO) under DARPA's Otter program. VLEO spacecraft benefit national security missions by operating in relatively clear orbits and deorbiting debris quickly. Redwire will build the SabreSat bus and utilize its digital engineering tools, including the DEMSI platform. Additionally, Redwire's European office is working on the Phantom platform for the European Space Agency’s Skimsat program. Redwire aims to enhance VLEO technology for various applications like ISR, resilient communications, and Earth science payloads.
Redwire (NYSE: RDW) has appointed Aaron Futch, a seasoned aerospace executive and corporate attorney, as its new Executive Vice President, General Counsel, and Secretary. With over 20 years in the space industry, Futch will lead Redwire’s legal department and advise on legal, regulatory, and compliance matters. His previous roles include Associate General Counsel at Virgin Galactic and Assistant General Counsel at Intelsat General Futch's expertise is expected to benefit Redwire as it continues its growth strategy.
Redwire (NYSE: RDW) announced that it will develop Roll-Out Solar Array (ROSA) wings for Thales Alenia Space’s new Space Inspire telecommunications satellites. Thales Alenia Space is a joint venture between Thales and Leonardo, specializing in space solutions. The collaboration began last year and aims to leverage Redwire's ROSA technology, known for its 100% on-orbit success rate. The ROSA wings will be approximately 80 feet long and provide over 25 kW of power per spacecraft, making them some of the most robust solar arrays for geostationary satellites. This development is backed by the French space agency CNES.
Redwire (NYSE: RDW) has initiated the development of a 30,000 square foot microgravity payload and space operations facility in Floyd County, Indiana. This new state-of-the-art center, located at the Novaparke Innovation & Technology Campus, was inaugurated on May 31 with participation from prominent figures, including Representative Erin Houchin and leaders from Indiana University Southeast.
Redwire’s President of In-Space Industries, John Vellinger, emphasized that the facility will cater to the growing demand for space-based research and manufacturing. The company’s recent advancements, such as successful bioprinting of human heart tissue and formation of pharmaceutical crystals in space, underscore the importance of this facility. The new laboratories will enhance throughput for their cutting-edge space biotech programs, supporting biopharma industries in achieving innovative outcomes not feasible on Earth.
