Redwire Corporation Stock Price, News & Analysis

Redwire Corporation (NYSE: RDW) is supplying key navigation components and Roll-Out Solar Array (ROSA) technology for NASA's Double Asteroid Redirection Test (DART) mission, launching on November 23. Redwire has delivered two ROSA arrays, each unfurling to 28 feet, and a Digital Sun Sensor system for mission support. DART aims to demonstrate asteroid deflection techniques, marking a significant milestone in planetary defense. Redwire's ROSA technology has prior success on the ISS and is set for use in various upcoming missions, highlighting Redwire's role in advancing space exploration.

Redwire Corporation (NYSE: RDW) announced a rescheduling of its third-quarter earnings report for the period ending September 30, 2021, originally set for November 10, 2021. This change follows notification of potential accounting issues within a business subunit on November 5, prompting an independent investigation by the Audit Committee. Although the company has yet to finalize its financial statements and intends to file an NT-10Q, it has not identified any significant misstatements in prior reports. Redwire remains confident in its future business prospects.

Redwire Corporation (NYSE: RDW) announced the rescheduling of its third-quarter earnings announcement, originally set for November 10, 2021. The new date and details for the earnings call and webcast will be provided once finalized. As a leader in space infrastructure, Redwire focuses on innovative technologies such as solar power generation and in-space manufacturing. The announcement implies potential uncertainty in financial reporting due to an ongoing investigation and other factors affecting their financial condition.

Redwire Corporation (NYSE: RDW) will announce its third quarter financial results on November 10, 2021, before the market opens. An earnings conference call will follow at 8:30 a.m. ET, accessible via a toll-free number (800-926-6571) or through the Redwire Investor Relations website. For those unable to attend live, a replay will be available for two weeks. Redwire is a leader in space infrastructure, known for its innovations in solar power generation and in-space manufacturing.

Redwire Corporation (NYSE: RDW) announced its acquisition of Techshot, Inc., enhancing Redwire's capabilities in space biotechnology, microgravity research, and bioprinting. This acquisition aims to synergize Redwire's manufacturing strengths with Techshot's innovations in commercial space biotechnology, positioning Redwire for sustained growth in low Earth orbit (LEO). Techshot brings proven products, including 3D biofabrication facilities and variable-gravity platforms, and a strong client base including top pharmaceutical companies. This strategic move is set to propel Redwire's vision of advancing human spaceflight and benefiting Earth-based industries.

Redwire Corporation (NYSE: RDW) has entered into a Memorandum of Understanding with BigBear.ai to collaborate on the Space Cyber Resiliency through Evaluation and Security Testing (SpaceCREST) initiative. This partnership aims to develop a space cyber range capability, utilizing simulation and emulation to establish realistic test environments for evaluating space-based cyber-physical systems. The initiative emphasizes the importance of cyber resiliency for U.S. space infrastructure, enhancing security against potential vulnerabilities.

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.

Redwire Corporation (NYSE: RDW) is set to provide essential navigation components for NASA's upcoming Lucy mission, launching no earlier than October 16, 2021. This mission aims to explore Jupiter's Trojan asteroids, marking a significant venture in our solar system's study. Redwire has delivered two Coarse Sun Sensor (CSS) Pyramids under a contract with Lockheed Martin, completing acceptance testing in July 2020. These sensors enhance solar array pointing and navigation capabilities, vital for Lucy's journey to visit eight asteroids over 12 years, promising groundbreaking insights into planetary formation.

Redwire Corporation (NYSE: RDW) announced participation in the Raymond James Defense & Government Services Conference on September 23, 2021, in Washington, D.C.. Peter Cannito, Chairman and CEO, will be on a space technology panel. CFO Bill Read and EVP Mike Gold will also hold one-on-one investor meetings by appointment. Redwire, a leader in mission-critical space solutions and components, specializes in solar power generation and in-space manufacturing, leveraging decades of flight heritage to address future space mission challenges.