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 (NYSE: RDW), a leader in space infrastructure for the next generation space economy, has announced its participation in the upcoming 37th Annual Roth Conference. Chief Financial Officer Jonathan Baliff will deliver a presentation on March 18, 2025, scheduled from 10:30-10:55 a.m. PT.
The presentation will be accessible to viewers through a dedicated web platform at https://event.summitcast.com/view/YsA9Ty4sRyad4m3F6KNZ7x/guest_book?session_id=EPYpaTTdvqMXn2D7k3q5hc
Redwire (NYSE: RDW), a leader in space infrastructure for the next generation space economy, has announced its participation in the upcoming Cantor Global Technology Conference. Chief Financial Officer Jonathan Baliff will deliver a presentation on March 12, 2025, scheduled from 1:40-2:15 p.m. ET. The presentation will be accessible via a live webcast through a dedicated streaming platform.
Redwire (NYSE: RDW) reported its Q4 and full year 2024 financial results, showing a 24.7% year-over-year revenue increase to $304.1 million. However, the company faced challenges with a net loss of $(114.3) million for 2024, including a $52.0 million non-cash loss from warrant liability and a $7.0 million loss contingency.
Key highlights include positive Q4 operational cash flow of $7.1 million and Free Cash Flow of $3.0 million. The company's Book-to-Bill ratio was 0.76 for 2024, down from 1.23 in 2023. Notable achievements included securing Roll-Out Solar Arrays orders from Thales Alenia Space, receiving a DARPA prime contract, and launching 27 PIL-BOXes.
Looking ahead, Redwire announced plans to acquire Edge Autonomy and forecasts 2025 revenues between $535-605 million with Adjusted EBITDA of $70-105 million, assuming the Edge Autonomy transaction closes as planned.
Redwire (NYSE:RDW) has secured a study contract from the European Space Agency (ESA) to design a spacecraft platform concept for Mars missions. The contract, awarded to Redwire Space NV, is one of four parallel industry studies for ESA's LightShip initiative.
The project aims to develop smallsat platform solutions that can be transported to Mars via LightShip, an electric propulsive tug offering navigation and communications services. Redwire's proposal centers on an adapted version of their Hammerhead small satellite platform and proven avionics capabilities.
Redwire's European facility in Belgium brings over 40 years of spaceflight experience, having successfully led ESA's PROBA-1, PROBA-2, and PROBA-V missions with a combined 50-year flight time without failure. The company currently supports various ESA programs including Skimsat, lunar Gateway's docking mechanism, Hera mission, and Proba-3.
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.