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 (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 robust financial results for Q4 and full year 2022, highlighting a 30.7% increase in Q4 revenues to $53.7 million and a 16.7% rise in annual revenues to $160.5 million. This growth was significantly aided by the acquisition of QinetiQ Space NV. However, the company reported a net loss of $(130.6) million for the year, impacted by a $96.6 million impairment. Notably, total backlog surged 71.2% to $465.1 million. For 2023, Redwire anticipates revenues between $220 million and $250 million, signaling positive momentum despite previous losses.
Redwire Corporation (NYSE: RDW) will report its fourth quarter and full year financial results for 2022 on March 29, 2023, before market open. Management will host a conference call at 9 a.m. ET on the same day to discuss these results. Interested parties can participate by calling 877-485-3108 (toll free) or 201-689-8264 (toll) and can also access a live stream of the presentation. A replay of the call will be available for two weeks thereafter. Redwire is a leader in space infrastructure, focusing on solar power generation and 3D printing for future space missions.
Redwire Corporation (NYSE: RDW) has secured a $5.9 million contract from NASA to develop FabLab, an in-space manufacturing system designed for testing on the International Space Station (ISS). This innovative multi-material 3D printer aims to facilitate on-demand manufacturing for NASA crews, allowing them to create tools and components in deep space using various materials. The project builds on Redwire's prior work on FabLab and is crucial for supporting future Artemis missions. The successful implementation of FabLab will enhance sustainability during deep space explorations, making it a pivotal step towards human presence on the Moon and Mars.
Redwire Corporation (NYSE:RDW) announced that its Roll-Out Solar Array (ROSA) technology will support Astrobotic Technology's Lunar Vertical Solar Array (VSAT) program, part of NASA's lunar initiatives. ROSA features dual motors for enhanced operations and will autonomously deploy vertical solar arrays up to 32 feet high, crucial for sustainable power on the lunar surface.
As of December 31, 2022, ROSA units were already operational on the International Space Station, and the technology was instrumental in NASA's DART mission. This partnership positions Redwire as a key player in the upcoming lunar economy.
Redwire Corporation (NYSE:RDW) announced a partnership with Starfish Space to equip the Otter Pup satellite docking mission with its ARGUS space domain awareness camera. This historic mission aims to achieve the first-ever docking of two commercial satellites in low-Earth orbit. Following this, Redwire has a contract option to demonstrate its Cerebro tracking software in orbit. The ARGUS camera will provide essential navigation capabilities, enhancing the mission's success. Redwire's technology has previously been utilized in missions such as NASA’s Artemis I, showcasing its broad applicability in civil and defense sectors.
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