Welcome to our dedicated page for Redwire Corporation news (Ticker: RDW), a resource for investors and traders seeking the latest updates and insights on Redwire Corporation stock.
Redwire Corporation (NYSE: RDW) generates a steady flow of news across the space and defense technology landscape. As an integrated space and defense tech company, Redwire issues updates on spacecraft programs, uncrewed aerial systems, docking technologies, and advanced orbital platforms that support civil, national security, and commercial missions in the United States and Europe.
News about Redwire often highlights milestones in its two primary business segments. In the Space segment, the company reports on contracts and technical achievements for missions such as ESA’s Σyndeo-3 satellite, built on Redwire’s Hammerhead low-Earth orbit platform, and on its role supplying International Docking System Standard compliant docking systems through the International Berthing and Docking Mechanism for customers like The Exploration Company. Coverage also includes developments in very low Earth orbit, where Redwire’s SabreSat orbital drone supports DARPA’s Otter mission and related VLEO initiatives.
In the Defense Tech segment, Redwire news frequently centers on its wholly owned subsidiary Edge Autonomy and, more recently, the integration of that brand into Redwire. Announcements describe contracts to deliver Stalker and Penguin C VTOL uncrewed aerial systems and Octopus gimbal camera payloads to defense and border security customers, including U.S. Army programs, Ukrainian Armed Forces, and Croatian Border Patrol under Frontex funding. Additional releases cover partnerships with European firms such as UXV Technologies and Eurolink Systems to expand UAS capabilities and local support in European defense markets.
Investors, analysts, and industry observers can use this news feed to follow Redwire’s contract awards, mission milestones, facility expansions, partnerships, and financial results announcements, gaining context on how the company’s space and defense technologies are being deployed across multiple domains.
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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.
Redwire Corporation (NYSE:RDW) announced that its Roll-Out Solar Array (ROSA) technology will support Astrobotic Technology's Lunar Vertical Solar Array (VSAT) program, part of NASA's lunar initiatives. ROSA features dual motors for enhanced operations and will autonomously deploy vertical solar arrays up to 32 feet high, crucial for sustainable power on the lunar surface.
As of December 31, 2022, ROSA units were already operational on the International Space Station, and the technology was instrumental in NASA's DART mission. This partnership positions Redwire as a key player in the upcoming lunar economy.
Redwire Corporation (NYSE:RDW) announced a partnership with Starfish Space to equip the Otter Pup satellite docking mission with its ARGUS space domain awareness camera. This historic mission aims to achieve the first-ever docking of two commercial satellites in low-Earth orbit. Following this, Redwire has a contract option to demonstrate its Cerebro tracking software in orbit. The ARGUS camera will provide essential navigation capabilities, enhancing the mission's success. Redwire's technology has previously been utilized in missions such as NASA’s Artemis I, showcasing its broad applicability in civil and defense sectors.
Redwire Corporation (NYSE: RDW) announced a partnership with BigBear.ai (NYSE: BBAI) to provide cybersecurity tools for Mynaric (NASDAQ: MYNA). These tools, part of the SpaceCREST platform, will ensure the security of Mynaric's optical communications terminal design for DARPA’s Space Based Adaptive Communications Node program. This collaboration aims to address vulnerabilities in national security programs, emphasizing the importance of cybersecurity in the growing space economy.
Redwire Corporation (NYSE: RDW) reported Q3 2022 revenues of $37.2 million, a 14% increase from $32.7 million in Q3 2021. Key metrics included an 86.5% decrease in net loss and a 63.7% improvement in Adjusted EBITDA. The company successfully supported NASA's DART mission and grew its Total Backlog to $304 million. A capital raise of $80 million funded the acquisition of QinetiQ Space NV. For FY 2022, Redwire revised revenue guidance to $140-$155 million, and Pro Forma Adjusted EBITDA guidance to $(13)-$(6) million, excluding Space NV contributions.