Welcome to our dedicated page for Redwire news (Ticker: RDW), a resource for investors and traders seeking the latest updates and insights on Redwire stock.
Redwire Corporation develops space and defense technology for government, commercial and civil customers, with work spanning aerospace infrastructure, autonomous systems and multi-domain operations. Its updates commonly cover contract awards, backlog and quarterly results, including programs for advanced spacecraft, small uncrewed aircraft systems, optical imaging, navigation sensors, avionics and satellite power systems.
Recurring developments include Stalker UAS orders for U.S. military customers, ELSA solar-array deliveries, Hammerhead spacecraft and ADPMS-3 avionics work for European space programs, and imaging or sun-sensor hardware supporting NASA's Orion and Artemis missions. Redwire also reports geographic expansion and partnerships tied to defense, space communications and national-security applications.
Redwire Corporation (NYSE: RDW) announced the filing of its Annual Report on Form 10-K for the year ending December 31, 2021, with the SEC. This filing, along with the Quarterly Report on Form 10-Q filed on April 1, 2022, confirms that Redwire is now current in its SEC filings. Additionally, the NYSE notified Redwire that it complies fully with listing standards, resulting in its removal from the late filers' list.
Redwire Corporation (NYSE: RDW) announces that CEO Peter Cannito will present at the Jefferies Virtual Space Summit on April 12, 2022, at 1:00 PM Eastern. The summit is exclusive to registered participants. Redwire is a leader in space infrastructure, specializing in solar power generation and in-space 3D printing. The company combines decades of flight experience with an innovative approach to tackle future space mission challenges. For more information, visit www.redwirespace.com.
Redwire Corporation (NYSE: RDW) has successfully passed the Mission Critical Design Review (CDR) for its On-Orbit Servicing, Assembly and Manufacturing 2 (OSAM-2) mission, marking a significant milestone in developing robotic technologies for constructing large structures in space. This $73.7 million contract with NASA, signed in 2019, allows Redwire to advance into building and verifying flight hardware. OSAM-2 is set to demonstrate 3D printing and robotic assembly capabilities in orbit, crucial for future space infrastructure advancements and potential applications on the Moon and Mars.
Redwire Corporation (NYSE: RDW) has been selected by the U.S. Air Force to compete for task orders under an indefinite delivery/indefinite quantity (IDIQ) contract aimed at supporting the Advanced Battle Management System (ABMS). This contract, with a ceiling of $950 million, is part of the Department of Defense's Joint All Domain Command and Control Architecture. Redwire aims to enhance decision-making via modern software and engineering solutions for various military domains.
Redwire Corporation (NYSE: RDW) announced a strong fiscal year ended December 31, 2021, with revenue increasing by 237% to $137.6 million. Total backlog reached $271.6 million, highlighting future growth potential. The acquisition of Techshot Inc. enhances Redwire’s capabilities in bioprinting and space biotechnology. Key achievements include notable contributions to 12 launches and successful deployment of innovative technologies like ROSA solar arrays. For 2022, Redwire expects sales between $165 million and $195 million, with Pro Forma Adjusted EBITDA projected between $8 million and $15 million.
Redwire Corporation (NYSE: RDW) announced it will release its fourth quarter 2021 earnings after market close on March 31, 2022. An independent investigation into potential accounting issues has concluded with no material misstatements found. The investigation was self-reported to the SEC on November 8, 2021. The company expects to file its 2021 Form 10-K on or before April 15, 2022, and will hold an earnings call at 5:30 P.M. ET on the same day to discuss results and outlook.
Redwire Corporation (NYSE: RDW) is supplying solar array technology for PlanetiQ's GNOMES-3 weather satellite, launching on April 1, 2022. This satellite will enhance atmospheric measurement, collecting over 2,500 data points daily. GNOMES-3 is part of a planned 20-satellite constellation aimed at improving weather forecasting and monitoring space weather events. Redwire’s technology has already powered previous satellites and will play a crucial role in future missions. This partnership highlights Redwire's expertise in solar power generation for the space industry.
Redwire Corporation (NYSE: RDW) announced its contribution to NOAA's GOES-R series with critical navigation components for the upcoming GOES-T satellite, set to launch on March 1, 2022. This follows a 2015 contract with Lockheed Martin, delivering Coarse Sun Sensor pyramids and a Fine Sun Sensor Assembly. The sensors enhance spacecraft navigation and solar array pointing. Redwire's technology boasts a successful track record, participating in various missions, including NASA's Lucy mission. The GOES satellites are vital for monitoring severe weather across the U.S. and beyond.
Redwire Corporation (NYSE: RDW) has delivered the first set of wired cameras for NASA's Artemis III mission as part of its contract with Lockheed Martin. The cameras are crucial for the Orion spacecraft, designed for deep space missions. This follows a contract awarded in March 2021, extending the partnership to include Artemis missions III through V, with options for further missions. Redwire's advanced camera system is engineered for high performance in space, providing critical imaging capabilities for NASA's exploration goals and supporting the return of humans to the Moon.
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.