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.
Redwire Corporation (NYSE: RDW) announced preliminary financial results for the year ended December 31, 2021, projecting total GAAP revenue between $135 million and $140 million, reflecting strong growth amid operating challenges from the Delta and Omicron variants. The company reported approximately 160% GAAP revenue growth and $269 million to $276 million in total backlog. Additionally, Redwire is addressing potential accounting issues, with no material misstatements found to date.
Redwire Corporation (NYSE: RDW) has successfully delivered its L-Band Link-16 Helical Antenna system for the Space Development Agency's Transport Layer Tranche 0, shipping ahead of schedule. The system is part of a contract awarded in August 2020 to build 10 satellites for communication with ground-mobile users and other space vehicles. The lightweight, ultra-wideband antenna enables beyond line-of-sight communications and is integrated with Redwire’s advanced technologies proven in previous military missions.
Redwire Corporation (NYSE: RDW) is launching four payloads on SpaceX’s CRS-24 mission for NASA to the ISS, focused on advanced materials manufacturing and plant science experiments. Scheduled for December 21 at 5:06 a.m. EST, the mission features innovations in space manufacturing and R&D. Redwire's technologies include the Turbine Superalloy Casting Module, MVP-PLANT-01, Veggie PONDS-03R, and a project on cotton genomics in collaboration with Clemson University. These initiatives aim to enhance scientific discovery and develop technologies beneficial for life on Earth.
Redwire Corporation (NYSE: RDW) announced a three-year supplier agreement with Terran Orbital, focusing on advanced satellite components. This partnership aims to enhance Terran Orbital's satellite manufacturing and service capabilities while maintaining supply chain agility. Redwire will supply key technologies, including solar arrays and avionics systems, developed at its various facilities. The collaboration is set against the backdrop of Terran Orbital's planned merger with a SPAC, indicating potential growth and increased market presence for both companies.
Redwire Corporation (NYSE: RDW) is providing critical navigation and power components for NASA's Imaging X-Ray Polarimetry Explorer (IXPE) mission, set to launch on December 9, 2021. The company delivered a solar panel array and twelve Coarse Sun Sensor detectors, vital for the spacecraft's operation. Redwire's technology underpins essential space applications, leveraging rich experience in solar power solutions. This partnership underscores Redwire's commitment to advancing space exploration through innovative technology.
Redwire Corporation (NYSE: RDW) received a notice from the New York Stock Exchange regarding non-compliance with filing its Quarterly Report on Form 10-Q for Q3 2021. The notice does not affect the listing or trading of RDW securities. Ongoing investigations by the Audit Committee into potential accounting issues have yet to reveal any material misstatements. The company assures stakeholders that the investigation does not impact product performance or revenue generation, and it aims to file the Form 10-Q promptly.
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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.