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@Kokorache 6 days ago

Redwire (RDW) up 13% on new military drone and DARPA spaceplane contracts

Redwire (RDW) up 13% on new military drone and DARPA spaceplane contracts

Redwire (RDW) is up about 13% today after securing three new contracts over the last few days. The company started as a pure space play but expanded into drones recently after buying Edge Autonomy for $925 million. That acquisition seems to be showing results. They just booked a $15 million deal with the US Army for Stalker surveillance drones, plus a separate multi-year contract worth tens of millions to supply Penguin Mk3 drones to an unnamed NATO ally. They also secured a DARPA contract as the prime contractor for the Otter program to develop low Earth orbit spaceplanes. They are bringing on Voyager Technologies (VOYG) as a subcontractor to handle the acceleration measurement systems for the project.
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@BrianHoward 5 days ago

i'm curious to see how their work with the us army develops over time. do you think Redwire will keep focusing on both space and drones equally?