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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 a partnership with BigBear.ai (NYSE: BBAI) to provide cybersecurity tools for Mynaric (NASDAQ: MYNA). These tools, part of the SpaceCREST platform, will ensure the security of Mynaric's optical communications terminal design for DARPA’s Space Based Adaptive Communications Node program. This collaboration aims to address vulnerabilities in national security programs, emphasizing the importance of cybersecurity in the growing space economy.
Redwire Corporation (NYSE: RDW) reported Q3 2022 revenues of $37.2 million, a 14% increase from $32.7 million in Q3 2021. Key metrics included an 86.5% decrease in net loss and a 63.7% improvement in Adjusted EBITDA. The company successfully supported NASA's DART mission and grew its Total Backlog to $304 million. A capital raise of $80 million funded the acquisition of QinetiQ Space NV. For FY 2022, Redwire revised revenue guidance to $140-$155 million, and Pro Forma Adjusted EBITDA guidance to $(13)-$(6) million, excluding Space NV contributions.
Redwire Corporation (NYSE: RDW) has promoted Mike Gold to Chief Growth Officer effective November 8, 2022. Gold, previously the Executive Vice President of Civil Space Business Development, will oversee business development, marketing, and external affairs. He aims to enhance collaboration across civil, commercial, and national security space sectors. Gold's past experience includes significant roles at NASA and Maxar Technologies. Redwire specializes in space infrastructure and innovative solutions, including solar power generation and in-space manufacturing.
Redwire Corporation (NYSE: RDW) will report its third quarter financial results on November 8, 2022, after the market closes. A conference call will follow on November 9, 2022, at 9 a.m. ET for management to discuss the results. Interested parties can join the call by dialing 877-485-3108 (toll-free) or 201-689-8264. A live audio webcast will also be available on their website. A replay of the call will be accessible for two weeks after the event. More details and the earnings release can be found at redwirespace.com.
Redwire Corporation (NYSE: RDW) is set to launch its enhanced 3D bioprinter, the BioFabrication Facility (BFF), alongside three other payloads on Northrop Grumman’s NG-18 mission for NASA to the International Space Station. Scheduled for launch on November 6 at 5:50 a.m. EST, BFF aims to print human cells in space, potentially aiding in treating orthopedic injuries. Other investigations include plant adaptability to spaceflight and new cooling systems for electronics. Redwire continues to expand its capabilities in space infrastructure and research, targeting advancements in healthcare and biomanufacturing.
Redwire Corporation (NYSE: RDW) announced the completion of its acquisition of Belgium-based QinetiQ Space NV, funded by an $80 million investment from Bain Capital and AE Industrial Partners. The acquisition aims to enhance Redwire's capabilities in advanced payloads, satellite technology, and docking equipment, expanding its market reach, especially in Europe. The deal is expected to be accretive to Redwire's revenue and cash flow. The investment will also strengthen Redwire's financial position and support growth initiatives, including expanding civil and commercial offerings.
The upcoming NG-18 mission to the International Space Station will launch on November 6, 2022, showcasing over 20 investigations, including a study on mudslide prevention and a new 3D bioprinter from Redwire Space (NYSE: RDW). This mission carries more than 800 pounds of supplies and research aimed at enhancing our understanding of microgravity effects on human tissues and cardiac muscle cells. Notable projects involve collaborations from University of California, San Diego and Emory University.
Redwire Corporation (NYSE: RDW) announced a definitive agreement to acquire QinetiQ Space NV for €32 million, set to enhance revenue and backlog. The acquisition aligns with Redwire's strategy to grow in the European market and leverage Space NV's expertise in critical space infrastructure. The transaction is expected to be accretive to Adjusted EBITDA and Free Cash Flow upon closing, with a projected backlog of €113 million for Space NV. Financing commitments from AE Industrial Partners are in place, and the deal is anticipated to close in Q4 2022.
Redwire Corporation (NYSE: RDW) has supplied critical navigation components and Roll-Out Solar Array (ROSA) technology for NASA's Double Asteroid Redirection Test (DART) mission, marking a pioneering effort in planetary defense. Set to impact the binary asteroid system Didymos on September 26, 2022, DART has traveled approximately 7 million miles since its launch on November 24, 2021. Redwire's ROSA wings and digital sun sensors have powered the spacecraft, showcasing innovative technology designed for various space applications, including the International Space Station and NASA’s Gateway program.
Redwire Corporation (NYSE: RDW) has signed a memorandum of understanding (MOU) with Bradford Space and the Swedish Space Corporation to provide a commercial orbital debris removal service. This partnership aims to address the growing issue of space debris, enhancing safety for spacecraft operations. Redwire will contribute its expertise in robotic hardware and guidance systems to develop this service, which targets congested orbits, including Sun-synchronous orbits. This collaboration marks increased interest in international space partnerships, highlighting the importance of sustainable space exploration.
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