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Redwire Corporation (RDW) delivers mission-critical space infrastructure solutions through its unique blend of aerospace heritage and technological innovation. This dedicated news hub provides investors and industry professionals with essential updates on the company's strategic developments in the evolving space economy.
Access authoritative reporting on Redwire's operational milestones including contract awards, R&D breakthroughs, and partnership announcements. Our curated collection features official press releases and verified news covering satellite component innovations, in-space propulsion advancements, and government contract updates.
Key focus areas include systems integration achievements, space manufacturing developments, and leadership in sustainable orbital infrastructure. Stay informed about RDW's position in critical markets through comprehensive coverage of earnings announcements, strategic collaborations, and technology transfer initiatives.
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Redwire Corporation (NYSE: RDW) announced robust financial results for Q4 and full year 2022, highlighting a 30.7% increase in Q4 revenues to $53.7 million and a 16.7% rise in annual revenues to $160.5 million. This growth was significantly aided by the acquisition of QinetiQ Space NV. However, the company reported a net loss of $(130.6) million for the year, impacted by a $96.6 million impairment. Notably, total backlog surged 71.2% to $465.1 million. For 2023, Redwire anticipates revenues between $220 million and $250 million, signaling positive momentum despite previous losses.
Redwire Corporation (NYSE: RDW) will report its fourth quarter and full year financial results for 2022 on March 29, 2023, before market open. Management will host a conference call at 9 a.m. ET on the same day to discuss these results. Interested parties can participate by calling 877-485-3108 (toll free) or 201-689-8264 (toll) and can also access a live stream of the presentation. A replay of the call will be available for two weeks thereafter. Redwire is a leader in space infrastructure, focusing on solar power generation and 3D printing for future space missions.
Redwire Corporation (NYSE: RDW) has secured a $5.9 million contract from NASA to develop FabLab, an in-space manufacturing system designed for testing on the International Space Station (ISS). This innovative multi-material 3D printer aims to facilitate on-demand manufacturing for NASA crews, allowing them to create tools and components in deep space using various materials. The project builds on Redwire's prior work on FabLab and is crucial for supporting future Artemis missions. The successful implementation of FabLab will enhance sustainability during deep space explorations, making it a pivotal step towards human presence on the Moon and Mars.
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