Latest news with #RedwireCorporation
Yahoo
2 days ago
- Business
- Yahoo
Redwire Aims Higher: Analyst Backs Space Firm's Defense Expansion
Redwire Corporation (NYSE:RDW) is one of the best space stocks to buy according to hedge funds. On July 16, Canaccord analyst Austin Moeller reiterated a Buy rating on Redwire, while nudging the 12‑month price target from $20 to $21, implying roughly a 24% upside from current levels, which were around $17.70 at the time. Moeller emphasized Redwire's expanding capabilities beyond space, especially its Edge Autonomy drone tech. The VXE30 Stalker UAS, soldier-friendly with 8+ hours of flight endurance and classified on the DoD's Blue UAS list, underpins the firm's belief in growing defense adoption. The analyst also highlighted how Redwire is locking in federal and NATO contracts using its drone-satellite end‑to‑end encrypted communication systems, including Link‑16 antennas and Mako satellite buses, giving it a competitive edge in secure ISR and tactical applications. A satellite dish installation atop a modern building, symbolizing the power of signal transmission solutions. This fresh reiteration shows confidence that the Edge acquisition shifts Redwire's profile from pure components provider to an integrated space-and-defense platform specialist, capitalizing on rising aerospace budgets and strategic infrastructure investments. The modest price‑target bump reflects measured optimism, balancing execution risks with strong growth potential. Redwire Corporation (NYSE: RDW) is a multi-domain space and defense technology integrator supplying advanced spacecraft components, deployable solar arrays, and robotics to NASA, DoD, and allied space agencies; following its 2025 acquisition of Edge Autonomy, it now also delivers unmanned aerial systems and ISR capabilities to U.S. and NATO defense forces. While we acknowledge the potential of RDW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
14-07-2025
- Business
- Yahoo
Redwire Announces Addition of the Edge Autonomy Stalker Uncrewed Aerial System to Department of Defense's Blue List of Approved Drones
JACKSONVILLE, Fla., July 14, 2025--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a global leader in aerospace and defense technology solutions, today announced that the Stalker uncrewed aerial system (UAS), developed by Redwire's wholly owned subsidiary Edge Autonomy, has been granted an Authority to Operate (ATO) and is now on the Defense Innovation Unit (DIU) Blue UAS List. The DIU Blue List contains technology vetted and approved by the Department of Defense (DoD) authority for universal use across government agencies. Drones on the DIU Blue List are subject to rigorous testing to ensure they meet stringent cybersecurity, NDAA-compliance, and operational requirements. This process ensures that the necessary technology is in place to maintain and promote national security while addressing operational challenges at speed and scale. "The Blue List selection is an important recognition that streamlines Redwire's ability to deliver combat-proven, commercially developed UAS technology at scale to meet the Department of Defense's evolving mission needs," said Peter Cannito, Chairman and CEO of Redwire. "As the White House looks to advance the domestic commercialization of UAS technologies at scale and ramp up domestic production, Redwire is positioned at the forefront of strengthening our nation's drone industrial base and delivering unmatched capabilities to the U.S. warfighter. Edge Autonomy, a wholly owned subsidiary of Redwire, specializes in delivering innovative autonomous systems, advanced optics, and resilient energy solutions that are being used by the DoD, U.S. Federal Civilian Agencies, and allied governments. With nearly four decades of technology heritage and manufacturing expertise, Edge Autonomy's experienced team delivers proven solutions based on real-world mission needs. "We recently had the honor of participating in the DIU Blue fly-off to add our advanced Group 2 Stalker UAS to the Blue UAS Cleared List" said Steve Adlich, President of Edge Autonomy. "This milestone creates opportunities for larger and more complex Group 2 UAS and highlights the trust that the U.S. Government has in our technology. The Stalker system is a field-proven aircraft with hundreds of thousands of flight hours across six continents. It is designed with a Modular Open Systems Approach (MOSA), which has enabled us to work alongside our customers to ensure each system can integrate the third-party sensors and advanced technology required to rapidly evolve operations to meet emerging mission needs around the world." With nearly two decades of flight operations around the world, the Stalker UAS is a secure, battle-proven solution for ISR missions in all environments. The addition of the Stalker UAS to the DIU Blue list will enable more government agencies and operational units to gain access to this cutting-edge system. About Redwire Redwire Corporation (NYSE:RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire's approximately 1,300 employees located throughout the United States and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit View source version on Contacts Media Contact: Tere Investors: investorrelations@ 904-425-1431 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Redwire Corp.(RDW) Drops 16.9% W/W on Profit-Taking
Redwire Corporation (NYSE:RDW) is one of the . Redwire fell by 16.9 percent week-on-week, from $19.08 on June 13 to $15.86 last Friday, as investors resorted to profit-taking while repositioning portfolios ahead of its presentation at the Jefferies Virtual Space Summit. On Friday, Redwire Corporation (NYSE:RDW) announced that its chairman and chief executive officer, Peter Cannito, will present at the Jefferies Virtual Space Summit on June 24, 2025, from 1:20-1:50 PM ET. Investors will be closely watching out for cues on Redwire Corporation's (NYSE:RDW) updated outlook and plans for the rest of the year. In other news, Redwire Corporation (NYSE:RDW) announced last week its successful acquisition of Edge Autonomy, a company providing unmanned aerial vehicle system technology, for $1.14 billion. A close-up of an antenna, its intricate designs a testament to the company's expertise in space infrastructure. Edge Autonomy is a leader in providing autonomous systems and resilient energy solutions to the US Department of Defense, US Federal Civilian Agencies, and allied governments around the world. While we acknowledge the potential of RDW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20-06-2025
- Business
- Business Wire
Redwire to Present at Jefferies Virtual Space Summit on June 24, 2025
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a global leader in aerospace and defense technology solutions, announced today that Redwire's Chairman and Chief Executive Officer Peter Cannito will present at the Jefferies Virtual Space Summit on June 24, 2025 from 1:20-1:50 p.m. ET. The presentation will be available at the following web address: About Redwire Redwire Corporation (NYSE:RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire's approximately 1,300 employees located throughout the United States and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit
Yahoo
27-05-2025
- Business
- Yahoo
Redwire Successfully Delivers Onboard Computer for ESA's Comet Interceptor Mission to Study Pristine Comet
JACKSONVILLE, Fla., May 27, 2025--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that it has successfully delivered the onboard computer for the European Space Agency's (ESA) Comet Interceptor mission. Redwire developed and delivered the onboard computer through a contract with OHB Italia S.p.A. (OHB Italy). ESA's Comet Interceptor will be the first spacecraft to visit a comet coming directly from the outer reaches of the Sun, carrying material untouched since the dawn of the Solar System. Redwire's wholly owned Belgian subsidiary, Redwire Space NV, developed the onboard computer, which is the "brain" of Comet Interceptor. It is designed to monitor and control other spacecraft components, including transmitting critical data to operators on the ground. The onboard computer is part of Redwire's third generation Advanced Data and Power Management System (ADPMS-3). "We are proud to have accomplished this exciting milestone alongside our partners OHB Italy and ESA, which brings the first-of-its-kind Comet Interceptor mission one step closer to launch," said Mike Gold, Redwire President of Civil and International Space Business. "With 25 years of flight heritage, a strong track record of success, and the Redwire team's unparalleled avionics expertise, Redwire's ADPMS-3 is a critical, enabling technology for today's most ambitious European and multinational space missions." The recent delivery follows an acceptance testing campaign, which included vibration, thermal vacuum, and electromagnetic compatibility testing. The onboard computer is currently at OHB Italia headquarters, where it will undergo integration and final acceptance review. Comet Interceptor is scheduled to launch in 2029. The onboard computer is also supporting ESA's Hera mission, Europe's first planetary defense mission and part of a multinational planetary defense effort supporting ESA's Double Asteroid Redirection Test mission. Redwire's European facility in Belgium has more than 40 years of spaceflight heritage developing spacecraft platforms and success delivering innovative technology for game-changing ESA programs. Redwire was the prime contractor for ESA's Proba-1, Proba-2, and Proba-V missions, which have a combined flight time of 50 years without failure. Redwire continues to support other ESA programs, including Skimsat, a technology demonstrator for a small satellite platform designed to operate in very low Earth orbit; the International Berthing and Docking Mechanism for the lunar Gateway; and the Proba-3 mission, the first precision formation flying mission that will investigate the Sun's corona. About Redwire Redwire Corporation (NYSE:RDW) is a global space infrastructure and innovation company enabling civil, commercial, and national security programs. Redwire's proven and reliable capabilities include avionics, sensors, power solutions, critical structures, mechanisms, radio frequency systems, platforms, missions, and microgravity payloads. Redwire combines decades of flight heritage and proven experience with an agile and innovative culture. Redwire's approximately 750 employees working from 17 facilities located throughout the United States and Europe are committed to building a bold future in space for humanity, pushing the envelope of discovery and science while creating a better world on Earth. For more information, please visit Disclaimer: The views expressed herein can in no way be taken to reflect the official opinion of the European Space Agency View source version on Contacts Media Contact: Emily 305-632-9137 OR Media Contact (Redwire Space Europe): Marta 3 250 14 50 Investors: investorrelations@ 904-425-1431 Error while retrieving data Sign in to access your portfolio Error while retrieving data
