Redwire's SpaceMD announces first commercial Starfall mission
SpaceMD will fly up to 32 PIL-BOXes in 2028, expanding microgravity pharmaceutical research and manufacturing.
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Space and defense technology company
rdw.comLast updated
In short: Redwire achieved record 57% revenue growth, expanded its defense and pharmaceutical manufacturing footprints, and secured major UAS orders.
SpaceMD will fly up to 32 PIL-BOXes in 2028, expanding microgravity pharmaceutical research and manufacturing.
Revenue rose 89.6% to $117.1M, gross margin improved to 27.8%, and contracted backlog reached $542.1M, while net loss narrowed to $41.0M.
The UAS was used by Virginia Army National Guard during a JRTC rotation, providing ISR for over 100 targets in 50 flight hours.
The 30,000-square-foot hub in Georgetown focuses on pharmaceutical development and microgravity research.
State Street disclosed a passive stake of 7.3% in Redwire, according to a 13G filing on Friday.
Shares of aerospace and defense company Redwire (NYSE:RDW) jumped 9.6% in the afternoon session after the company reported second-quarter financial results that surpassed Wall Street's...
Redwire's agreement with SpaceX came a day after the company narrowed its second-quarter loss and reported higher revenue, driven by what Chief Executive Peter Cannito...
Redwire is making progress, but remains a speculative investment.
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