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Redwire Corporation (NYSE: RDW) announced its inclusion in the Russell 3000 Index, effective June 27, enhancing its visibility in the investment community. The Chairman and CEO, Peter Cannito, emphasized this milestone reflects Redwire's growth and position as a leader in space infrastructure. Membership in the Russell 3000 also ensures automatic inclusion in either the Russell 1000 or Russell 2000 Index. FTSE Russell's indexes are benchmarked by approximately $12 trillion in assets, indicating significant market impact.
Positive
Inclusion in the Russell 3000 Index enhances visibility and credibility.
Automatic inclusion in Russell 1000 or Russell 2000 Index boosts investment prospects.
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None.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that it has been added to the broad-market Russell 3000® Index, effective since markets opened on June 27 as part of the 2022 Russell indexes annual reconstitution.
“We are pleased to be included in the Russell 3000 index. This milestone highlights our growth as a public company and will provide increased visibility and exposure to the investment community,” said Redwire Chairman and CEO Peter Cannito. “Inclusion in the index signals the importance of our market position as a global leader in space infrastructure and we will continue to execute our Heritage+Innovation strategy to deliver value for our stakeholders.”
Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
About Redwire
Redwire Corporation (NYSE: RDW) is a leader in space infrastructure for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com.
What does the inclusion in the Russell 3000 Index mean for Redwire Corporation (RDW)?
Inclusion in the Russell 3000 Index enhances Redwire's visibility and credibility in the investment community, potentially attracting more investments.
When was Redwire Corporation (RDW) added to the Russell 3000 Index?
Redwire Corporation was added to the Russell 3000 Index effective June 27.
How much in assets is benchmarked against Russell indexes?
Approximately $12 trillion in assets are benchmarked against FTSE Russell's U.S. indexes.
Who is the CEO of Redwire Corporation (RDW)?
The CEO of Redwire Corporation is Peter Cannito.
What is Redwire Corporation's focus?
Redwire Corporation focuses on space infrastructure for the next generation space economy.
