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Redwire Chairman and CEO Nominated for Prestigious Satellite Executive of the Year Award

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Redwire (NYSE: RDW) announced that Chairman and CEO Peter Cannito has been nominated for Via Satellite's 2024 Satellite Executive of the Year Award. Under Cannito's leadership, Redwire has shown remarkable growth, successfully integrating ten acquisitions through FY2024 and expanding its presence in national security space and defense markets.

The company demonstrated strong financial performance with share price growth of 477.5% in 2024, from $2.85 to $16.46. Revenue for the first nine months of 2024 reached $234.5 million, a 30.1% year-over-year increase, with positive Adjusted EBITDA for seven consecutive quarters through Q3 2024.

In 2024, Redwire supported various space missions including NASA's PACE mission and secured contracts with Thales Alenia Space, DARPA, and Blue Origin. The company also achieved a milestone in space commercialization by bioprinting the first live human heart tissue on the ISS.

Redwire (NYSE: RDW) ha annunciato che il Presidente e CEO Peter Cannito è stato nominato per il premio Via Satellite's 2024 Satellite Executive of the Year. Sotto la guida di Cannito, Redwire ha mostrato una crescita straordinaria, integrando con successo dieci acquisizioni attraverso l'anno fiscale 2024 e ampliando la sua presenza nei mercati della sicurezza nazionale e della difesa.

L'azienda ha dimostrato una solida performance finanziaria con una crescita del prezzo delle azioni del 477,5% nel 2024, passando da $2,85 a $16,46. I ricavi per i primi nove mesi del 2024 hanno raggiunto $234,5 milioni, un incremento del 30,1% rispetto all'anno precedente, con un EBITDA rettificato positivo per sette trimestri consecutivi fino al Q3 2024.

Nel 2024, Redwire ha supportato varie missioni spaziali, tra cui la missione PACE della NASA, e ha ottenuto contratti con Thales Alenia Space, DARPA e Blue Origin. L'azienda ha anche raggiunto un traguardo nella commercializzazione spaziale bioprintando il primo tessuto cardiaco umano vivo sulla ISS.

Redwire (NYSE: RDW) anunció que el Presidente y CEO Peter Cannito ha sido nominado para el premio Via Satellite's 2024 Satellite Executive of the Year. Bajo el liderazgo de Cannito, Redwire ha mostrado un crecimiento notable, integrando con éxito diez adquisiciones durante el año fiscal 2024 y expandiendo su presencia en los mercados de seguridad nacional y defensa.

La compañía demostró un sólido desempeño financiero con un crecimiento del precio de las acciones del 477,5% en 2024, de $2.85 a $16.46. Los ingresos durante los primeros nueve meses de 2024 alcanzaron $234.5 millones, un aumento del 30.1% interanual, con un EBITDA ajustado positivo durante siete trimestres consecutivos hasta el Q3 2024.

En 2024, Redwire apoyó varias misiones espaciales, incluyendo la misión PACE de la NASA, y aseguró contratos con Thales Alenia Space, DARPA y Blue Origin. La compañía también logró un hito en la comercialización del espacio al bioprintar el primer tejido cardíaco humano vivo en la ISS.

레드와이어 (NYSE: RDW)는 회장 겸 CEO인 피터 카니토가 비아 위성의 2024년 위성 경영자상 후보로 지명되었다고 발표했다. 카니토의 리더십 아래 레드와이어는 놀라운 성장을 보여주었으며, 2024 회계연도 동안 10건의 인수를 성공적으로 통합하고 국가 안보 및 방산 시장에서의 입지를 확장했다.

회사는 2024년에 주가가 477.5% 증가하는 등 강력한 재무 성과를 보여주었으며, 주가는 $2.85에서 $16.46로 상승했다. 2024년 첫 9개월 동안의 수익은 $234.5백만으로, 전년 대비 30.1% 증가했으며, 2024년 3분기까지 7분기 연속으로 긍정적인 조정 EBITDA를 기록했다.

2024년 레드와이어는 NASA의 PACE 미션을 포함한 여러 우주 미션을 지원하고, 탈레스 알레니아 스페이스, DARPA, 블루 오리진과 계약을 체결했다. 회사는 또한 ISS에서 첫 번째 생체 심장 조직을 바이오프린팅하여 우주 상업화에서 이정표를 세웠다.

Redwire (NYSE: RDW) a annoncé que le Président et CEO Peter Cannito a été nommé pour le prix Via Satellite's 2024 Satellite Executive of the Year. Sous la direction de Cannito, Redwire a montré une croissance remarquable, intégrant avec succès dix acquisitions au cours de l'exercice 2024 et élargissant sa présence dans les marchés de la sécurité nationale et de la défense.

L'entreprise a démontré une solide performance financière avec une croissance du prix de l'action de 477,5% en 2024, passant de $2,85 à $16,46. Les revenus pour les neuf premiers mois de 2024 ont atteint $234,5 millions, soit une augmentation de 30,1% par rapport à l'année précédente, avec un EBITDA ajusté positif pendant sept trimestres consécutifs jusqu'au T3 2024.

En 2024, Redwire a soutenu diverses missions spatiales, y compris la mission PACE de la NASA, et a sécurisé des contrats avec Thales Alenia Space, DARPA et Blue Origin. L'entreprise a également franchi une étape dans la commercialisation de l'espace en bioprintant le premier tissu cardiaque humain vivant sur l'ISS.

Redwire (NYSE: RDW) hat bekannt gegeben, dass Chairman und CEO Peter Cannito für den Via Satellite's 2024 Satellite Executive of the Year Award nominiert wurde. Unter Cannitos Führung hat Redwire bemerkenswertes Wachstum gezeigt, indem es erfolgreich zehn Übernahmen im Geschäftsjahr 2024 integriert und seine Präsenz im Bereich nationale Sicherheit und Verteidigung ausgebaut hat.

Das Unternehmen zeigte eine starke finanzielle Leistung mit einem Anstieg des Aktienkurses um 477,5% im Jahr 2024, von $2,85 auf $16,46. Der Umsatz in den ersten neun Monaten des Jahres 2024 erreichte $234,5 Millionen, was einem Anstieg von 30,1% im Vergleich zum Vorjahr entspricht, mit positivem bereinigtem EBITDA über sieben aufeinanderfolgende Quartale bis Q3 2024.

Im Jahr 2024 unterstützte Redwire verschiedene Weltraummissionen, darunter die PACE-Mission der NASA, und sicherte Verträge mit Thales Alenia Space, DARPA und Blue Origin. Das Unternehmen erreichte auch einen Meilenstein in der Kommerzialisierung des Weltraums, indem es das erste lebende menschliche Herzgewebe auf der ISS bioprintete.

Positive
  • Share price increased 477.5% in 2024 ($2.85 to $16.46)
  • Revenue grew 30.1% YoY to $234.5 million (first 9 months of 2024)
  • Positive Adjusted EBITDA for 7 consecutive quarters
  • Successfully integrated 10 acquisitions through FY2024
  • Secured new contracts with major industry players (Thales Alenia Space, DARPA, Blue Origin)
Negative
  • None.

The satellite and space communities can vote to help Peter Cannito win the industry’s most prestigious annual award, The Satellite Executive of the Year.

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that Redwire Chairman and CEO Peter Cannito has been nominated for the most prestigious award in the satellite industry, Via Satellite’s 2024 Satellite Executive of the Year Award. The nominees were chosen based on their contributions to the global satellite markets, technologies, business practices, services, innovations, advocacy, or any combination of the aforementioned.

Over the past four years, Cannito has successfully executed a growth strategy that transformed Redwire into a trusted supplier for the space industry and is now poised to be a global leader for multi-domain defense technology. Under his leadership, Redwire successfully integrated ten acquisitions through the end of FY2024 spurring Redwire to move up the value chain in national security space and broaden its position into the defense market.

Further, during 2024, Redwire’s share price grew by 477.5%, from $2.85 on December 29, 2023 (the last trading day of 2023) to $16.46 on December 31, 2024, significantly outperforming both the S&P 500 and Russell 2000 indices. At the same time, Redwire showed robust top line performance, with revenue for the nine months ended September 30, 2024 reaching $234.5 million, a 30.1% year-over-year improvement, while also achieving positive Adjusted EBITDA in each of the last 7 quarters through the third quarter of 2024.

In 2024, Redwire’s technology supported numerous civil, commercial and national security missions including NASA’s PACE mission, the European Space Agency’s PROBA-3 and Hera missions, and Maxar’s Ovzon 3 satellite. Additionally, the company announced important contracts with Thales Alenia Space, DARPA, and Blue Origin. Redwire is also supporting the future of space commercialization, with its biotechnology onboard the International Space Station (ISS), including bioprinting the first live human heart tissue.

The winner of the 2024 Satellite Executive of the Year will be determined by a combination of the Via Satellite editorial team and votes that come directly from industry. The public can vote for Peter Cannito online.

"It is an honor to be nominated for this prestigious award alongside an esteemed list of industry leaders and I’d like to thank the Via Satellite team for the recognition. While this award is intended as an individual accolade, this nomination is a testament to the tireless efforts from the entire Redwire team as we’ve executed a very focused growth strategy, continued to deliver best-in-class capabilities to support our customers’ missions, and scaled our business,” commented Redwire Chairman and CEO Peter Cannito.

“For decades, the Satellite Executive of the Year award has commemorated outstanding leadership in the satellite industry,” said Rachel Jewett, Senior Managing Editor of Via Satellite. “This year is no different and we are proud to announce the group of six nominees that represent different ways of charting a new path for the future of the satellite industry.”

Voting closes at noon ET on March 11. The winner will be announced at SATELLITE 2025 on Wednesday, March 12 at the Via Satellite Awards Luncheon, which is open to all conference-level attendees.

For more information on the award, or to vote for Peter Cannito, please visit https://www.satellitetoday.com/vote.

About Redwire

Redwire Corporation (NYSE:RDW) is a global space infrastructure and innovation company enabling civil, commercial, and national security programs. Redwire’s proven and reliable capabilities include avionics, sensors, power solutions, critical structures, mechanisms, radio frequency systems, platforms, missions, and microgravity payloads. Redwire combines decades of flight heritage and proven experience with an agile and innovative culture. Redwire’s approximately 750 employees working from 17 facilities located throughout the United States and Europe are committed to building a bold future in space for humanity, pushing the envelope of discovery and science while creating a better world on Earth. For more information, please visit redwirespace.com.

About Via Satellite

Via Satellite provides essential news and expert business analysis on the global satellite communications marketplace, including current and evolving applications, infrastructure issues, technology, and business and regulatory developments around the world and reaches the most engaged community of satellite professionals and qualified industry decision makers.

Media Contact:

Tere Riley

Tere.Riley@redwirespace.com

321-831-0134

OR

Investors:

investorrelations@redwirespace.com

904-425-1431

Source: Redwire Corporation

FAQ

What was RDW's stock price performance in 2024?

Redwire's (RDW) stock price grew by 477.5% in 2024, from $2.85 on December 29, 2023, to $16.46 on December 31, 2024.

How much revenue did Redwire (RDW) generate in the first 9 months of 2024?

Redwire generated revenue of $234.5 million in the first nine months of 2024, representing a 30.1% year-over-year increase.

How many acquisitions has Redwire (RDW) completed through FY2024?

Redwire successfully integrated ten acquisitions through the end of FY2024.

What major contracts did Redwire (RDW) secure in 2024?

In 2024, Redwire secured important contracts with Thales Alenia Space, DARPA, and Blue Origin.

What significant space missions did RDW support in 2024?

Redwire supported NASA's PACE mission, the European Space Agency's PROBA-3 and Hera missions, and Maxar's Ovzon 3 satellite in 2024.

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