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) 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.
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.
FAQ
What is the current stock price of Redwire Corporation (RDW)?
What is the market cap of Redwire Corporation (RDW)?
What does Redwire Corporation specialize in?
What is Redwire's Heritage plus Innovation strategy?
Who are Redwire's main customers?
What recent achievements has Redwire Corporation accomplished?
How does Redwire contribute to the space economy?
What kind of products and services does Redwire offer?
How long has Redwire been in the electronic security industry?
What sectors does Redwire provide electronic security solutions for?
Is Redwire financially stable?
Where can I get the latest news and updates about Redwire Corporation?
