Redwire Corp. (RDW) shares traded higher overnight as investors positioned ahead of the company's second-quarter earnings, with optimism building around its growing defense drone business, rising production capacity, and increasing exposure to U.S. government spending.Rising Pentagon demand for unm…
Shares of Rocket Lab (RKLB), Redwire (RDW), Firefly Aerospace (FLY) and Viasat (VSAT) climbed in overnight trading after being named among companies selected for a $981 million U.S. Space Force contract vehicle covering space and ground-based test, evaluation and training work.Heading into Friday…
Redwire Corp (NYSE:RDW) raised liquidity by amending its credit line and prepaying term loans while funding negative operating cash flow largely through equity — tripling share count via $1.1B+ ATM authorizations — as a new Taiwan Coast Guard drone contract lifted shares modestly.Previous Week Reca…
Redwire entered into a First Amendment to its Amended and Restated Credit Agreement to increase revolving credit commitments to $50 million. Concurrently, the company prepaid $40 million on its term loans, reducing the aggregate term loan balance to $50 million. The amendment, led by JPMorgan as ad…
What Happened? Shares of aerospace and defense company Redwire NYSE:RDW jumped 5.6% in the morning session after the company announced it secured a contract to supply its Penguin Mk2.5 VTOL Uncrewed Aerial System to the Taiwan Coast Guard.The drones will be used to support Taiwan's maritime securit…
Redwire Corp (RDW) drew investor attention on Tuesday after the aerospace and defense company announced it had won a contract to supply its Penguin drone to the Taiwanese Coast Guard to support its maritime security and defense planning.Redwire said that the contract was ordered by Taiwan Color Opt…
While Redwire (RDW) has emerged as a Wall Street favorite amid growing enthusiasm for the space and defense sectors, a short seller has argued that the company’s rapid growth has been fueled more by aggressive equity offerings than by improvements in its core business.On Monday, Fugazi Research sai…
