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Redwire Announces Supplier Agreement with Terran Orbital to Support Satellite Manufacturing
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Rhea-AI Summary
Redwire Corporation (NYSE: RDW) announced a three-year supplier agreement with Terran Orbital, focusing on advanced satellite components. This partnership aims to enhance Terran Orbital's satellite manufacturing and service capabilities while maintaining supply chain agility. Redwire will supply key technologies, including solar arrays and avionics systems, developed at its various facilities. The collaboration is set against the backdrop of Terran Orbital's planned merger with a SPAC, indicating potential growth and increased market presence for both companies.
Positive
Three-year supplier agreement with Terran Orbital enhancing satellite solutions.
Redwire's advanced components are integral to Terran's manufacturing capabilities.
Potential growth due to Terran Orbital's merger with Tailwind Two Acquisition Corp.
Negative
None.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Redwire Corporation (NYSE: RDW), a global leader in mission critical space infrastructure for the next generation space economy, today announced a three-year supplier agreement with Terran Orbital, a global leader and pioneer in the development, innovation and operation of small satellites and Earth observation solutions.
Through this agreement, Redwire will deliver a range of advanced components and solutions that will be used in Terran Orbital’s industry-leading line of satellite manufacturing and service offerings. Terran Orbital recently announced that it intends to go public through a merger with special purpose acquisition company Tailwind Two Acquisition Corp.
“As a leading supplier of space infrastructure and components, Redwire is enabling more cost-effective, high-performance satellite solutions that will transform the future of connectivity, remote sensing and data services,” said Peter Cannito, Chairman and CEO of Redwire. “This strategic partnership leverages our robust technology portfolio and highly innovative teams to enhance Terran Orbital’s satellite solutions while maintaining supply chain agility and meeting the mission requirements.”
Marc Bell, Co-Founder and CEO of Terran Orbital, said, “In support of Terran Orbital’s continued quest to offer customers best-in-class solutions, we look to build lasting partnerships with suppliers like Redwire that have significant space heritage and can support the quality and pace of our product offering that differentiate us from our competitors.”
Redwire’s range of advanced components and spacecraft solutions include lightweight high compaction rollable solar array systems developed at the company’s Goleta, California, facility; machine vision camera and advanced avionics systems, developed at the company’s Littleton, Colorado, facility, which are being used for NASA’s Orion spacecraft and Firefly Aerospace’s Blue Ghost lunar lander; power solutions, developed at the Longmont, Colorado, facility; and sun sensors and star trackers, developed at the company’s Marlborough, Massachusetts, facility, which have nearly five decades of flight heritage and most recently flown on NASA’s Mars 2020 mission and GPS III mission.
Additionally, Redwire’s world-class digital engineering capabilities offer customers state-of-the-art modeling and simulation, which enable configuration of multiple satellite constellations and other assets within a single simulation, thereby reducing development and operations costs.
To learn more about Redwire’s mission critical space solutions, visit www.redwirespace.com.
About Redwire
Redwire Corporation (NYSE: RDW) is a global leader in mission critical 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.
About Terran Orbital
Terran Orbital Corporation is a leading vertically integrated provider of end-to-end satellite solutions. Terran Orbital combines satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of the most demanding military, civil and commercial customers. In addition, Terran Orbital is developing the world’s largest, most advanced NextGen Earth Observation constellation to provide persistent, real-time Earth imagery.
What is the recent announcement made by Redwire Corporation regarding RDW stock?
Redwire Corporation announced a three-year supplier agreement with Terran Orbital for advanced satellite components, potentially enhancing its market position.
How will the partnership between Redwire and Terran Orbital affect RDW stock?
The partnership may boost RDW stock by strengthening Redwire's revenue stream and competitive positioning in the satellite components market.
What technologies will Redwire supply to Terran Orbital?
Redwire will supply advanced components including solar arrays, avionics systems, and other spacecraft solutions.
What is the significance of Terran Orbital's merger for RDW?
Terran Orbital's merger with Tailwind Two Acquisition Corp could provide Redwire increased visibility and opportunities in the growing satellite market.
