Redwire Executive Vice President Mike Gold to Testify at Senate Committee Hearing

Rhea-AI Summary

Redwire Corporation's Executive VP Mike Gold will testify on October 21 at a U.S. Senate hearing focused on U.S. space competitiveness. The session, titled 'International Collaboration and Competition in Space,' will address key topics like NASA’s role, the ISS extension, and commercial space initiatives.

Gold emphasized the importance of bipartisan support for the Artemis program and highlighted Redwire’s capabilities in orbital assembly technology. He advocates for stronger public-private partnerships and developing norms for space behavior to maintain U.S. leadership amid rising global competition.

Positive

• Mike Gold's testimony may enhance Redwire's visibility and credibility within the governmental space sector.
• Advocacy for public-private partnerships could lead to potential business opportunities and contracts for Redwire.
• Focus on innovative technologies could position Redwire favorably in the competitive space market.

Negative

• None.

JACKSONVILLE, Fla., Oct. 20, 2021 /PRNewswire/ -- Redwire Corporation (NYSE: RDW) Executive Vice President of Civil Space and External Affairs Mike Gold will testify on Thursday, October 21 at 10:00 am ET, before the U.S. Senate Committee on Commerce, Science and Transportation Subcommittee on Space and Science.

The hearing, titled "International Collaboration and Competition in Space: Oversight of NASA's Role and Programs," will examine the actions needed to promote U.S. civil and commercial space sector competitiveness, attract and maintain strong global partnerships, and preserve U.S. leadership in the wake of rising international competition. Subjects to be discussed include the importance of updating a NASA Authorization bill, the extension of the International Space Station (ISS), commercial low-Earth orbit (LEO) development, and NASA's Artemis program.

In prepared remarks, Gold expressed his gratitude to the Committee for crafting a NASA Authorization as part of the U.S. Innovation and Competition Act which was adopted by the Senate stating "Now, more than ever, we need bipartisan leadership, which is why Congress passing a NASA Authorization bill is of paramount importance.  It is vital for the U.S. to present a unified vision to both allies and rivals that there is strong and explicit support for the Artemis program."

Gold also highlighted the vital nature of public-private partnerships to support key technologies such as orbital assembly and manufacturing.  Gold noted Redwire's capabilities in this area referencing the example of the Archinaut spacecraft, a system that will assemble itself in orbit demonstrating a critical capability to maintain American competitiveness in space.  "[T]he U.S. must redouble its efforts to leverage American entrepreneurialism.  A free society, grounded in the rule of law, with a diverse population, will always innovate at a greater rate than more homogeneous nations where freedoms are severely curtailed," said Gold.  "In order to effectively compete with China, the Congress, NASA, the Department of Defense, and the intelligence community must all embrace public-private partnerships to an even greater degree than what is occurring today.  The government must support commercial development, playing the role of both catalyst and customer for innovative technologies."

Additionally, during his testimony, Gold will describe the benefits of developing norms of behavior in space and call for the expansion of the Artemis Accords.  Finally, Gold will address the need to avoid a "space station gap" by extending the ISS and supporting the development of a commercial space station.  

The hearing will be chaired by Subcommittee on Space and Science Chair Sen. John Hickenlooper and Ranking Member Sen. Cynthia Lummis. In addition to Mr. Gold, other witnesses include the Hon. Jim Bridenstine, Former NASA Administrator; Mary Lynne Dittmar, Executive Vice President for Government Affairs, Axiom Space; and Dr. Patricia Sanders, Chair, NASA Aerospace Safety Advisory Panel.

For more information and to watch a livestream of the hearing, visit www.commerce.senate.gov.

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.  

CONTACTS:
For Redwire:

Media Contact:  
Tere Riley    
Tere.Riley@redwirespace.com 
321-831-0134 

Investors: 
Michael Shannon
investorrelations@redwirespace.com 

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SOURCE Redwire

FAQ

What does Redwire's Mike Gold discuss in his Senate testimony on October 21?

Mike Gold discusses U.S. space competitiveness, the Artemis program, and the importance of public-private partnerships.

What is the significance of the NASA Authorization bill mentioned by Mike Gold?

The NASA Authorization bill is crucial for supporting U.S. leadership in space and ensuring funding for NASA programs.

How does Redwire plan to maintain competitiveness in space technology?

Redwire aims to enhance competitiveness through innovations like the Archinaut spacecraft and public-private partnerships.

What topics will be covered in the Senate hearing that Mike Gold is testifying at?

Topics include NASA's role, ISS extension, commercial LEO development, and the Artemis program.

What are the potential implications of the Senate hearing for Redwire Corporation?

The hearing may lead to increased visibility and potential contracts for Redwire, enhancing its role in the U.S. space sector.