Financial News
Redwire Awarded $45 Million Contract from Air Force Research Laboratory to Advance Enhanced Space-Based Capabilities for the Warfighter
Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, was awarded a $45,469,600, five-year cost-plus-fixed-fee contract that will be incrementally funded by the Air Force Research Laboratory (AFRL) Space Vehicles Directorate for the design, development, and testing of prototype software and hardware for mission critical technologies. The contract will support the AFRL Space Vehicles Directorate’s efforts to equip the joint warfighter with a spectrum of agile, effective, resilient, and affordable space mission capabilities.
Redwire will research and develop novel and emerging spacecraft technologies to include large deployable structures, thermal management capabilities, payload accommodations, and improved analysis and testing methods for in-space and terrestrial national security applications. This contract builds on a previously awarded AFRL contract to mature space domain technologies from early functional proof of concept through demonstration of full system or architecture prototypes.
“We are honored to have the opportunity to continue supporting AFRL’s Space Vehicles Directorate through this new contract award,” said Adam Biskner, President of Redwire Space Systems. “We have a long and proud legacy of supporting AFRL, and this award demonstrates our joint interest in continuing to support the mission of developing and transitioning space technologies to provide enhanced space-based capabilities to the warfighter.”
Redwire will perform the contracted work in Albuquerque, New Mexico. Redwire’s team in Albuquerque specializes in mechanical, structural, and thermal technologies for satellite and space launch applications. Redwire’s Albuquerque site has been awarded several AFRL contracts that have culminated in full flight experiments and cutting-edge space technologies used to better the success of AFRL and its mission.
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 700 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 redwirespace.com.
DISTRIBUTION A: Approved for public release; distribution is unlimited. Public Affairs release approval # AFRL-2024-6796
View source version on businesswire.com: https://www.businesswire.com/news/home/20241210694217/en/
Contacts
Emily Devine
Emily.Devine@redwirespace.com
+1 305-632-9137
OR
Investors:
investorrelations@redwirespace.com
+1 904-425-1431
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