Redwire Corporation Stock Price, News & Analysis

Redwire (NYSE: RDW) has scheduled its fourth quarter and full year 2024 financial results announcement for March 10, 2025, after market close. The company will host a conference call on March 11, 2025, at 9 a.m. EDT to discuss the results.

Investors can access the earnings call via phone at 877-485-3108 (toll-free) or 201-689-8264 (toll) using conference ID 13751503. A live webcast with presentation slides will be available through the company's investor relations website. For those unable to attend live, a replay will be accessible for two weeks following the event.

Redwire (NYSE: RDW) announced that its Sentinel camera technology (SentinelCam) will be deployed on Intuitive Machines' second lunar mission (IM-2) aboard the Nova-C lunar lander, Athena. The company has delivered Terrain Relative Navigation and Hazard Detection and Avoidance cameras to support the lander's navigation and landing systems.

During IM-1, Redwire's cameras successfully identified nine safe landing sites in the lunar south pole region. For IM-2, SentinelCam will provide high-resolution imaging capabilities with enhanced dynamic range for bright and high-contrast lunar surface environments. The technology will enable flight controllers to analyze images, assist in landing operations, and monitor Athena's movements.

The SentinelCam technology builds upon Redwire's SpectraCam and Argus camera systems, with proven flight heritage in NASA missions, including Artemis I and other Commercial Lunar Payload Services (CLPS) missions.

Redwire (NYSE: RDW) announced that Chairman and CEO Peter Cannito has been nominated for Via Satellite's 2024 Satellite Executive of the Year Award. Under Cannito's leadership, Redwire has shown remarkable growth, successfully integrating ten acquisitions through FY2024 and expanding its presence in national security space and defense markets.

The company demonstrated strong financial performance with share price growth of 477.5% in 2024, from $2.85 to $16.46. Revenue for the first nine months of 2024 reached $234.5 million, a 30.1% year-over-year increase, with positive Adjusted EBITDA for seven consecutive quarters through Q3 2024.

In 2024, Redwire supported various space missions including NASA's PACE mission and secured contracts with Thales Alenia Space, DARPA, and Blue Origin. The company also achieved a milestone in space commercialization by bioprinting the first live human heart tissue on the ISS.

Redwire (NYSE: RDW) has secured a study contract from the European Space Agency (ESA) for the ARRAKIHS mission, focused on imaging faint galaxies and studying dark matter. Through its Belgian subsidiary, Redwire Space NV, the company will lead one of two parallel industry studies for Phase A and B of the mission.

The project will utilize an adapted version of Redwire's Hammerhead small satellite platform and avionics capabilities. If selected for implementation, Redwire will integrate the full satellite in its Belgian cleanroom facilities. The company's European facility boasts over 40 years of spaceflight experience, having successfully delivered PROBA-1, PROBA-2, and PROBA-V missions with a combined flight time of nearly 50 years without failure.

ESA expects to decide on mission adoption by mid-2026. The project is part of ESA's Fast class missions program, which aims to reduce time from concept to scientific data delivery.

Redwire (NYSE: RDW) has secured a contract from Orion Space Solutions to provide a Mako spacecraft for the U.S. Space Force's Tetra-6 mission. This follows the Tetra-5 mission, for which Redwire is delivering two Mako spacecraft. The spacecraft will be pioneering as the first satellites in geosynchronous orbit (GEO) capable of being refueled and demonstrating compatibility with multiple refueling mechanisms.

The Tetra-5 mission will showcase key capabilities including inspection, docking, on-orbit refueling, proximity operations, and next-generation autonomy techniques. Redwire's spacecraft portfolio now includes five platforms: Mako, Thresher, Hammerhead, SabreSat, and Phantom, serving various orbits from very low-Earth to geosynchronous orbit. The company is currently building spacecraft for multiple U.S. Department of Defense customers and the European Space Agency.

Special Aerospace Services (SAS), a leader in space, hypersonics and missile defense, announced key leadership changes. Warren S. Kohm has been appointed as Chief Executive Officer, succeeding co-founder Heather Bulk, who transitions to Vice Chairman. Additionally, Bill Read, former CFO of Redwire (NYSE: RDW), joins as platform CFO.

Kohm, who previously served as platform CFO, brings over 25 years of leadership experience in government contracting. Under his tenure as CFO, he helped integrate the SAS platform, which now includes four companies and a new manufacturing facility scheduled for completion this summer. His background includes strategic roles at Red River, Alion Science, and Booz Allen Hamilton.

The leadership transition aims to guide SAS into its next growth phase, focusing on strengthening partnerships and building new client relationships across the platform.

Virgin Galactic (NYSE: SPCE) has partnered with Redwire (NYSE: RDW) to manufacture research payload lockers for Virgin Galactic's new Delta-Class spaceships. The collaboration aims to enhance microgravity research capabilities with state-of-the-art 'plug-and-play' lockers that provide real-time data during spaceflight.

Redwire, experienced in developing biotech and industrial-manufacturing technologies for microgravity environments, has created 20 research facilities for crewed spacecraft, with 10 currently on the International Space Station. Each Delta-Class spaceship will accommodate five payload racks, hosting up to 20 lockers total, supporting both autonomous and human-tended research.

The first Delta-Class spaceships are scheduled to begin commercial service in 2026. Virgin Galactic has already conducted seven research missions, featuring experiments in biology, autonomous systems, medical devices, combustion studies, and physical sciences.

Redwire has announced the acquisition of Edge Autonomy, a move aimed at creating a multi-domain, scaled, and profitable space and defense technology company. This strategic acquisition significantly expands Redwire's portfolio to include combat-proven autonomous airborne platforms, enhancing its capabilities in supporting critical defense missions.

The acquisition is expected to generate substantial synergies, enabling operational efficiencies and market expansion. Redwire's integration with Edge Autonomy is projected to enhance its technological offerings and improve profitability, positioning the company as a leading player in the space and defense sectors.

The transaction aligns with Redwire's long-term growth strategy, aiming to leverage Edge Autonomy's advanced technologies and market reach. Details regarding the financial terms of the acquisition were not disclosed in the announcement.

Flowco (NYSE: FLOC), formed through the merger of Flowco Production Solutions, Estis Compression, and Flogistix, has successfully completed its initial public offering. The company, backed by Genesis Park, Global Energy Capital, and White Deer Energy, is a comprehensive provider of production optimization and artificial lift solutions in the oil and gas industry.

Headquartered in Houston, Texas, Flowco employs approximately 1,300 people and operates across all major domestic oil and gas basins, with expanding international operations. The company serves 22 of the top 25 U.S. producers, offering services including high pressure gas lift, traditional gas lift, plunger lift, and vapor recovery solutions.

This marks Genesis Park's second successful public offering from its Genesis Park II, LP portfolio, following Redwire (NYSE:RDW). Jonathan Fairbanks will serve as Board Chairman, with Paul Hobby joining the Board of Directors.