Redwire Prepares for a Major European Satellite Delivery in the Fourth Quarter as International Customer Demand Increases

Rhea-AI Summary

Redwire (NYSE:RDW) is preparing to deliver two satellites for the European Space Agency's (ESA) Proba-3 mission in Q4 2023. The company is also integrating spacecraft for two other ESA missions: ALTIUS and an IOD/IOV satellite. These projects are being processed at Redwire's facility in Kruibeke, Belgium, which has become a world-class satellite processing center for major ESA missions.

Redwire is the prime contractor for ALTIUS and one of the IOD/IOV missions, utilizing its P200 platform and third-generation avionics. For Proba-3, Redwire is handling spacecraft integration, testing, and providing the onboard computer. The company's Belgium facility boasts over 40 years of spaceflight experience, having successfully delivered technology for previous PROBA missions with a combined flight time of nearly 50 years without failure.

Redwire continues to support other ESA programs, including Skimsat, the International Berthing and Docking Mechanism for the lunar Gateway, and the Hera mission to study the Didymos binary asteroid system.

Positive

• Redwire is finalizing integration and preparing to deliver two satellites for ESA's Proba-3 mission in Q4 2023
• The company is the prime contractor for ALTIUS and one of the ESA-European Commission Horizon 2020 IOD/IOV missions
• Redwire's Belgium facility has become a world-class satellite processing center for major ESA missions
• The company has over 40 years of spaceflight heritage and success in delivering innovative technology for ESA programs
• Redwire is supporting other significant ESA programs, including Skimsat, lunar Gateway components, and the Hera mission

Negative

• None.

Insights

Space Industry Analyst

Redwire's progress on multiple ESA satellite missions demonstrates its strong position in the European space market. The company's involvement in Proba-3, ALTIUS and Horizon 2020 IOD/IOV satellites showcases its diverse capabilities in spacecraft integration, testing and component development. This multi-project engagement suggests a healthy project pipeline and potential for steady revenue streams.

The company's 40-year spaceflight heritage and previous successes with ESA missions, particularly the PROBA series with nearly 50 years of cumulative flight time without failure, underscore Redwire's reliability and expertise. This track record is likely to be a significant factor in winning future contracts.

Redwire's Belgium facility emerging as a world-class satellite processing center for major ESA missions indicates a strategic geographic positioning that could lead to increased European market share. The company's involvement in cutting-edge projects like Skimsat and the lunar Gateway further solidifies its role in advanced space technologies.

While specific financial figures are not provided, the diverse project portfolio and long-term relationships with ESA suggest a stable business outlook. However, investors should monitor project delivery timelines and success rates, as delays or issues could impact future contract awards in this competitive sector.

Four Spacecraft have been Undergoing Integration and Testing at Redwire’s State-of-the-Art Cleanroom Facility in Belgium

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that it is finalizing integration and preparing for delivery of two satellites for the European Space Agency’s (ESA) Proba-3 mission later the in fourth quarter of this year. Simultaneously, Redwire has started spacecraft integration for two other ESA satellite missions, the Atmospheric Limb Tracker for Investigation of the Upcoming Stratosphere (ALTIUS) and one of the In-Orbit Demonstration and Verification (Horizon 2020 IOD/IOV) satellites, funded by the European Union, at its state-of-the-art facility in Kruibeke, Belgium.

Redwire’s Belgium facility has emerged as a world-class satellite processing facility for major ESA missions. Redwire is the prime contractor for the ALTIUS and one of the ESA-European Commission Horizon 2020 IOD/IOV missions, which are built on Redwire’s P200 platform and feature Redwire’s third-generation Advanced Data and Power Management System avionics. For Proba-3, Redwire is responsible for spacecraft integration, testing, and the onboard computer. Redwire is also responsible for the integration, testing, and the development of one of the technology demonstration payloads: the 3D Energetic Electron Spectrometer, a high-fidelity 3D energetic electron spectrometer.

“It is a privilege to be supporting ESA and our other partners to advance these game-changing European space missions,” said Erik Masure, President, Redwire Space Europe. “Redwire has a long and successful legacy of building satellites for important ESA missions, including previous PROBA missions, allowing us to work closely with ESA as well as a variety of other customers and partners across Europe to support critical scientific advancement and technological innovation happening around the world.”

Redwire’s Belgium facility has more than 40 years of spaceflight heritage developing spacecraft platforms and success delivering innovative technology for game-changing ESA programs. Redwire was the prime contractor for ESA’s PROBA-1, PROBA-2, and PROBA-V missions, which have a combined flight time of nearly 50 years without failure. Leveraging its legacy of innovation and excellence, Redwire continues to support other game-changing ESA programs, including Skimsat, which will be a technology demonstrator for a small satellite platform designed to operate in very low Earth orbit; the International Berthing and Docking Mechanism for the lunar Gateway; and the Hera mission to study the Didymos binary asteroid system, which just launched successfully with Redwire’s onboard computer.

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 700 employees working from 16 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.

Disclaimer: The views expressed herein can in no way be taken to reflect the official opinion of the European Space Agency and/or the European Union.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241014223368/en/

Media Contact:

Emily Devine

Emily.Devine@redwirespace.com

+1 305-632-9137



Media Contact (Redwire Space Europe):

Marta Lebron

Marta.Lebron@redwirespace.eu

+32 3 250 14 50



OR



Investors:

investorrelations@redwirespace.com

+1 904-425-1431

Source: Redwire Corporation

FAQ

What is Redwire (RDW) preparing to deliver in Q4 2023?

Redwire (RDW) is preparing to deliver two satellites for the European Space Agency's (ESA) Proba-3 mission in the fourth quarter of 2023.

Which other ESA missions is Redwire (RDW) currently working on?

Redwire (RDW) is also working on spacecraft integration for the ALTIUS mission and one of the In-Orbit Demonstration and Verification (Horizon 2020 IOD/IOV) satellites for ESA.

Where is Redwire (RDW) processing these satellite missions?

Redwire (RDW) is processing these satellite missions at its state-of-the-art facility in Kruibeke, Belgium, which has emerged as a world-class satellite processing facility for major ESA missions.

What is Redwire's (RDW) role in the Proba-3 mission?

For the Proba-3 mission, Redwire (RDW) is responsible for spacecraft integration, testing, the onboard computer, and the development of one of the technology demonstration payloads: the 3D Energetic Electron Spectrometer.

What other ESA programs is Redwire (RDW) currently supporting?

Redwire (RDW) is supporting other ESA programs including Skimsat, the International Berthing and Docking Mechanism for the lunar Gateway, and the Hera mission to study the Didymos binary asteroid system.