Redwire Corporation (RDW)

Liftoff: The Day the Orbital Economy Became a Public MarketJune 12, 2026 8:00 AM
PR Newswire (US) Issued on behalf of Starfighters Space, Inc.The sector's defining company is trading on the open market for the first time. A frontier that was private for a generation is now, finally, everyone's to own.Baystreet.ca News CommentaryCAPE CANAVERAL, Fla., June 12, 2026 /PRNewswire/ -- Some market days are remembered less for what a stock did than for what they signified. As reported, today is one of them: SpaceX is set to begin trading publicly on NASDAQ under the ticker SPCX, ending a long era in which the most consequential company in the modern space age remained beyond the reach of public investors. Whatever the first day's price action, the deeper event is structural — the orbital economy now has a flagship listed on a public exchange, and an entire sector steps into a new phase of its life as an investable asset class. The debut caps a remarkable stretch for the sector's relationship with public markets. Just this month, the broad-market Russell 3000® Index confirmed its 2026 reconstitution would add commercial-space names — including Starfighters Space, Inc. (NYSE: FJET), effective June 29, 2026 — formally wiring smaller space companies into the benchmarks that trillions of dollars track. The giant lists; the ecosystem indexes. Both happening within days of each other is not coincidence so much as confirmation: capital has decided the space economy belongs in public portfolios.What a Public SpaceX ChangesThe arrival of SpaceX on a public exchange does three things at once. It hands investors a direct, liquid way to own the orbital economy's marquee name — something only a privileged few could do through private rounds before now. It establishes a continuously updated, market-cleared valuation for the sector's anchor, replacing the guesswork of private marks. And it concentrates enormous attention on space as a category, drawing in institutional and retail capital that inevitably looks beyond the single largest name to the rest of the field. Reporting has framed the listing in historic terms — a multi-trillion-dollar valuation and a raise that at the high end would rank among the largest ever — though, like any debut, the figures are as reported and the first-day market will set its own tone.It is worth noting the sector's debut-week mood has been two-sided. Alongside the excitement, some analysts have openly debated whether a dominant, vertically integrated launch leader could pressure rivals that depend on it, and space stocks have seen sharp swings as investors weigh that question. That is healthy: a maturing sector argues with itself. But the underlying trajectory — more capital, more public vehicles, more institutional ownership — has only accelerated.The Field Around the FlagshipWith the giant now public, attention turns to the listed companies that let investors participate in the same growth story across different layers of the orbital economy. Each offers a distinct angle on where the sector is heading.Rocket Lab Corporation (NASDAQ: RKLB) stands out as the public market's most direct analogue to the integrated launch-and-space-systems model, having reached record highs around the mid-$140s in 2026 while expanding through a spacecraft-robotics acquisition and openly discussing Mars-mission capability. On a day when the sector's giant goes public, Rocket Lab is the name many investors treat as the most investable proxy for the same end-to-end ambition.Intuitive Machines, Inc. (NASDAQ: LUNR) carries the lunar thesis, developing landers and services for the global return to the Moon. It anchors the part of the investable sector focused on cislunar space and government Moon programs — a reminder that the public space market now stretches from low-Earth orbit all the way to the lunar surface.Redwire Corporation (NYSE: RDW) supplies the in-space infrastructure and manufacturing that missions and satellites rely on, embodying the 'picks-and-shovels' approach to the orbital build-out. Its strong 2026 run reflects steady investor appetite for the suppliers underpinning the whole ecosystem rather than any single launch headline.Velo3D, Inc. (NASDAQ: VELO) rounds out the group from the supply-chain layer, supplying metal additive-manufacturing systems used to produce mission-critical parts for space, aviation, and defense programs. Its 2026 turn toward faster revenue growth and improving margins shows that the attention flooding the sector on a day like this reaches the specialized manufacturers behind the hardware, not just the launch and satellite headline names. These names are referenced to illustrate the breadth of the sector and do not imply any partnership, endorsement, affiliation, or comparable financial performance; they differ widely in size and stage.Starfighters in the New Public EraIn a sector suddenly defined by a public giant, differentiation matters more than ever — and Starfighters Space offers a genuinely distinct one. The company operates what it bills as the world's only flight-ready MACH 2+ supersonic aircraft fleet from NASA's Kennedy Space Center, pursuing air-launch: releasing a vehicle from a fast, high-flying aircraft so the launch system inherits altitude and speed it would otherwise have to generate, with the runway responsiveness and reusability an aircraft platform implies. Freshly public and freshly indexed, it enters this new era as exactly the kind of niche, differentiated name that benefits when a flood of capital starts searching the sector for the next angle. CEO Tim Franta called the Russell inclusion a milestone reflecting growing awareness of that differentiated platform.The honest caveats stand. Starfighters is early-stage and small-cap, its shares have been volatile, and a newly public sector giant raises the competitive and valuation bar for everyone. Index inclusion and sector enthusiasm expand the audience; they do not substitute for commercial execution, which remains the real test ahead. But the company now operates inside a sector that has, in a single month, crossed a threshold it spent a generation approaching.What Public-Company Life Does to a SectorA public listing is not just a financing event; it is a transparency event. Once the sector's flagship trades openly, it must report on a regular cadence, disclose its economics, and submit to the daily judgment of the market. That discipline radiates outward. Suppliers, partners, and competitors are all measured against a newly visible standard, and investors gain a continuously updated yardstick for the unit economics of launch, satellites, and space services. The fog that long surrounded space-company valuations begins to lift, and a category that traded on narrative starts trading on numbers.That transition tends to reward the companies with genuine differentiation and credible paths to revenue, while pressuring those whose stories outran their fundamentals. It is, in the long run, a healthy sorting. For an investor, the arrival of a transparent, public anchor makes the entire sector easier to analyze — there is finally a reference business whose disclosures illuminate the costs, margins, and growth rates that smaller peers can be measured against. A sector with a public flagship is a sector that can be underwritten with far more confidence than one valued entirely behind closed doors.The Longer Arc: A Decade of Orbital Build-OutIt helps to zoom out from a single trading day to the trajectory it marks. The forces pulling capital toward space are not a one-week phenomenon. Falling launch costs have turned once-prohibitive missions into routine operations. Satellite constellations are being deployed at a pace unimaginable a decade ago, for everything from broadband to Earth observation to direct-to-phone connectivity. Government programs are pushing back toward the Moon and beyond, and defense budgets increasingly treat space as a contested domain requiring sustained investment. Each of those currents creates demand for launch capacity, hardware, infrastructure, and services — the very things the public space sector now offers investors a way to own.Against that backdrop, a flagship listing is less a finish line than a starting gun. It signals that the orbital economy has matured enough to support public-market scrutiny — and it invites the capital needed to fund the next decade of build-out. The companies positioned across the sector's layers, from launch to lunar to infrastructure to niche specialists, are the vehicles through which that decade of investment will flow. Today's debut is best understood not as the story's climax but as the moment the public market officially joined the journey.A Frontier, Finally PublicFor decades, the deepest irony of the space age was that the public could cheer the rockets but rarely own the companies launching them. That ends now. With the sector's flagship trading on a public exchange and the market's broadest index folding space names into trillions of tracked dollars, the orbital economy has completed its migration from private frontier to public marketplace. The launch everyone watched this week was financial as much as physical — and for investors, the sky is no longer the boundary; it is the opportunity set.CONTINUED … Learn more about Starfighters Space, Inc. at: https://usanewsgroup.com/fjet-landingPOWERED BY EAGLE EYETrack the signal, not the noise.Eagle Eye delivers real-time investor intelligence — aggregating social, forum, and news data across the tickers that matter, so you can see what the market is talking about before it moves.Explore it now at Eagle-Eye.devCONTACT:
Baystreet.ca

Low Pole Reversal on 11 June 2026. GLTA
At Close $17.09 +$2.22 (+14.93%).

The Space Economy Just Got an On-Ramp to Wall StreetJune 10, 2026 11:49 AM
PR Newswire (US) Issued on behalf of Starfighters Space, Inc.For years the most exciting companies in space stayed stubbornly private. That era is ending in a single week — and the way capital reaches the sector may never look the same.Baystreet.ca News Commentary CAPE CANAVERAL, Fla., June 10, 2026 /PRNewswire/ -- There are two ways a company can find its way into the portfolios of the world's largest investors. The first is the one everyone talks about: a story so compelling that analysts champion it, fund managers buy it, and momentum builds. The second is quieter, more mechanical, and in many ways more powerful — a company simply grows large enough to cross an objective threshold, and the machinery of global index investing pulls it in automatically. This week, the commercial space sector is experiencing both at once, and the combination is turning what was once a niche, venture-funded frontier into a mainstream, publicly investable asset class. The mechanical signal came when Starfighters Space, Inc. (NYSE: FJET) announced it had been added to the broad-market Russell 3000® Index, effective when U.S. markets open on June 29, 2026, as part of the first 2026 Russell reconstitution. The narrative signal — louder, and arriving the very same week — is the long-awaited public debut of SpaceX, the company that more than any other came to define the modern space age while remaining tantalizingly out of public reach. Taken together, they mark something larger than any single stock: the space economy is being wired directly into the plumbing of public markets.Why Index Inclusion Is More Than a TrophyMost catalysts that move a young stock depend on persuasion. Index inclusion does not. Membership in the Russell indexes is determined primarily through objective market-capitalization rankings and style attributes — not a committee weighing a company's prospects. A company is either large enough on the measurement date, April 30 this year, or it is not. Clearing that screen has compounding consequences: inclusion in the Russell 3000® brings automatic membership in either the large-cap Russell 1000® or the small-cap Russell 2000®, plus the relevant style indexes, and with it the attention of the index funds and benchmarked managers that track them.The scale of that gravitational field is hard to overstate. According to data as of mid-2025, roughly $12.2 trillion in assets are benchmarked against the Russell U.S. indexes. And this year's reconstitution was unusually expansive: FTSE Russell reported the total market capitalization of the Russell 3000® rose about 29%, from $58.4 trillion to $75.6 trillion, as of the April 30 rank day. When the index expands and is recut, room opens at the threshold for companies that have grown into the size band — and capital markets have been notably receptive to space and defense names. For Starfighters, a company that completed its IPO only in December 2025, arriving on one of the world's most-followed benchmarks inside its first seven months as a public company is an unusually fast trip from the listing bell to the index card.CONTINUED … Learn more about Starfighters Space, Inc. at: https://usanewsgroup.com/fjet-profile/The Capstone: SpaceX Comes to MarketIf Russell inclusion is the on-ramp, the SpaceX IPO is the eighteen-wheeler about to merge onto the highway. After filing its public S-1 prospectus in May 2026 and applying to list on Nasdaq under the symbol SPCX, the company widely regarded as the most important private space enterprise in history is, as reported, on the cusp of its market debut later this week, with pricing expected imminently. The figures attached to it are staggering: reporting has pointed to a share price around $135 and a valuation measured in the trillions of dollars, with a raise that, if achieved at the high end, would rank among the largest initial public offerings ever completed. (These figures are as reported and remain subject to final pricing.)The importance for the sector is not really about one stock, however large. It is about what a successful mega-listing does to the category. It gives public investors a direct, liquid way to own the orbital economy's flagship name; it forces a market-clearing price discovery on space assets that until now traded only in private rounds; and it draws a wave of institutional attention toward every adjacent company that offers exposure to the same theme. A rising tide of capital looking for space exposure does not stop at a single ticker — it spreads across the names that make up the rest of the ecosystem.The Ecosystem Riding the WaveTo understand why this is a sector story and not a single-company one, it helps to look at the range of public companies now competing for that institutional attention. Each offers a different lens on where capital is flowing across the modern space landscape.Rocket Lab Corporation (NASDAQ: RKLB) has become the closest thing the public markets have to a SpaceX analogue, and its run reflects it: the stock reached fresh all-time highs around the mid-$140s in 2026, and it has expanded aggressively, including a spacecraft-robotics acquisition that pushes it further toward end-to-end mission capability and even Mars ambitions. Rocket Lab shows how hungry public investors are for a scaled, vertically integrated launch-and-space-systems story they can actually buy.Intuitive Machines, Inc. (NASDAQ: LUNR) represents the lunar-economy thesis, building landers and services aimed at the renewed global push toward the Moon. As one of the names most associated with commercial lunar delivery, it illustrates how the investable space sector now reaches well beyond Earth orbit — and how richly the market is willing to value companies positioned for NASA-era Moon programs.Redwire Corporation (NYSE: RDW) anchors the in-space infrastructure and manufacturing layer, supplying components, structures, and capabilities used across satellites and missions. Its strong 2026 performance underscores investor appetite for the "picks-and-shovels" providers that supply the broader build-out rather than any single launch.Velo3D, Inc. (NASDAQ: VELO) rounds out the group from the supply-chain side, providing metal additive-manufacturing systems used to build mission-critical components for space, aviation, and defense programs. After reporting first-quarter 2026 revenue up 48% year-over-year and reaching a positive gross-margin inflection, Velo3D illustrates how the orbital build-out lifts not just launch and satellite names but the specialized manufacturers that supply the hardware behind them. These companies are referenced to illustrate the breadth of the sector, not to imply any partnership, endorsement, affiliation, or comparable financial performance; they span vastly different sizes and stages.Where Starfighters FitsWithin that landscape, Starfighters Space occupies a genuinely differentiated niche. Rather than building rockets or satellites, the company operates what it describes as the world's only flight-ready MACH 2+ supersonic aircraft fleet, flying from NASA's Kennedy Space Center. The concept behind air-launch is elegant: releasing a vehicle from an aircraft already moving fast and flying high means the launch system inherits altitude and velocity it would otherwise have to generate itself, and because the platform is an aircraft rather than a fixed pad, it carries the promise of runway-based responsiveness and reusable hardware. "We believe our inclusion in the Russell 3000® Index represents an important milestone in Starfighters Space's evolution as a publicly traded space company," said CEO Tim Franta, framing the event as a reflection of growing awareness of the company's differentiated platform.It is worth being clear-eyed: Starfighters is an early-stage, small-cap company whose shares have been volatile, and index inclusion changes visibility, not fundamentals. The real test ahead is commercial execution, not index mechanics. But the timing places the company inside one of the most powerful currents in the market right now — a sector being institutionalized in real time.A Week That Resets the MapStep back and the picture is striking. In a single week, the broadest benchmark in U.S. equities is formally ingesting space companies, and the sector's defining private giant is stepping onto the public stage. For a decade, owning the frontier of space meant access to private rounds most investors could never reach. That wall is coming down. The question for the rest of the year is no longer whether the space economy is investable — it is which companies, across which layers of the ecosystem, capture the attention now flooding in. The on-ramp is open, and the traffic is just beginning to build.CONTINUED … Learn more about Starfighters Space, Inc. at: https://usanewsgroup.com/fjet-profile/POWERED BY EAGLE EYETrack the signal, not the noise.Eagle Eye delivers real-time investor intelligence — aggregating social, forum, and news data across the tickers that matter, so you can see what the market is talking about before it moves.Explore it now at Eagle-Eye.devCONTACT:
Baystreet.ca

Large ATM to fund operations. 

What is the reason for the drop?

ok ill change my estimate RDW GOING TO $50 BY FRIDAY.

RDW Is going to $100/share on the coat tails of SPCX IPO EXTRAVEGANZA.

Long Tail Up on 4 June 2026. GLTA
At Close $21.43 change +$2.81 (+15.09%). Good jump.

looks like she is going to $15 before the IPO. UNFORTUNATELY.

Share price $25.60 Change +$1.60 (+6.67%). GLTA
Gains up 145% in Port. Total Port value at ATH

In Long Tail Up pattern/mode since 22 May 2026. GLTA
RDW
Last $23.65
Change +$1.61 (+7.28%)
Bid $23.64
Ask $23.65
High $24.92
Low $22.13
Volume 98,923,769
Time (ET) 02:34:21 PM

Been involved in my space stocks. Thought about buying some RDW briefly, last week. Sigh Still screaming like a banshee, after hours....

Latest news about Dilution

https://www.ebc.com/forex/rdw-stock-498m-backlog-meets-350m-dilution-test?utm_source=chatgpt.com

Momentum for RDW is strongly bullish. The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher.
The last 10-days have seen significant volume in RDW, with average daily volume above the average for the last year. Today's volume is no exception; with 56,630,641 shares having been traded already. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers as of 10:56 AM ET Tuesday, 05/26/2026.GLTA
Symbol RDW
Last $22.31
Change +$4.82 (+27.56%)
Bid $22.30
Ask $22.31
High $22.86
Low $19.20
Volume 57,256,078
Time (ET) 10:59:39 AM WOW!

RDW is now at $20 and its going to the moon on SPACE-X ROCKETSHIP.

Rocket and satellite shares rally in premarket trade after SpaceX IPO filingMay 26, 2026 6:35 AM
IH Market News Shares of space and satellite companies surged in premarket trading on Tuesday, extending the sector’s recent rally following SpaceX’s public filing for what is expected to become the largest initial public offering ever launched. Redwire (NYSE:RDW) climbed 15% ahead of the opening bell, while MDA Space (NYSE:MDA) advanced 13%. Aerospace and satellite firms extend sector momentum Firefly Aerospace (NASDAQ:FLY) gained 11% in premarket activity, while Intuitive Machines (NASDAQ:LUNR) rose 8.6%. Meanwhile, AST SpaceMobile (NASDAQ:ASTS) added 6.4%, and both York Space Systems (NYSE:YSS) and Voyager Technologies (NYSE:VOYG) moved 7.5% higher. Shares of Satellogic (NASDAQ:SATL) gained 5.2%, while EchoStar (NASDAQ:SATS) rose 4.2%. SpaceX filing continues to fuel investor enthusiasm The broader sector has been gaining momentum since SpaceX officially filed for its anticipated IPO, an event widely expected to become the largest stock market debut on record. Redwire Corporation stock price MDA Space stock price Firefly Aerospace stock price Intuitive Machines stock price AST SpaceMobile stock price York Space Systems stock price Voyager Technologies stock price Satellogic stock price EchoStar stock price Original: Rocket and satellite shares rally in premarket trade after SpaceX IPO filing

Long Tail Up on 22 May 2026. GLTA
Share price UP by about 14% at this time.
We shall see where it's going... gone, lol.

SpaceX IPO Set to Lift the Whole Space Sector -- And One NYSE American Operator Just Stepped Into a Capability NASA Has Asked Industry to RebuildMay 22, 2026 10:19 AM
PR Newswire (Canada) Issued on behalf of Starfighters Space, Inc.USA News Group News Commentary —CAPE CANAVERAL, Fla., May 22, 2026 /CNW/ --  Key Takeaways: A Yahoo Finance segment yesterday laid out how the looming SpaceX IPO is set to act as "rocket fuel" for space ETFs and the broader space economy, with the June Nasdaq listing aiming to raise as much as US$75 billion at a US$1.75 trillion valuation — what would be the largest IPO in history. [1][2] Starfighters Space, Inc. (NYSE American: FJET) announced a signed MOU with Mu-G Technologies, LLC and a joint response to a NASA Armstrong Flight Research Center Request for Information for Parabolic Flight Services — a capability the U.S. has gone without domestically. [3] Starfighters will host Mu-G's Dassault Falcon 50 at Midland International Air & Space Port in Texas for modification, flight testing, and FAA certification work. [3] The combined offering covers four flight environments at one site: microgravity, reduced gravity, hyper-gravity (from the Falcon 50), and the supersonic regime from Starfighters' F-104 fleet. [3] Four other publicly traded space names — Intuitive Machines, Inc. (NASDAQ: LUNR), Rocket Lab Corporation (NASDAQ: RKLB), Redwire Corporation (NYSE: RDW), and Voyager Technologies, Inc. (NYSE: VOYG) — are all posting record backlogs into the same sector lift.The Yahoo Finance segment that ran yesterday made the case directly: when SpaceX hits the public market, the rest of the sector goes with it. ETF.com president Dave Nadig walked through the funds and the broader public space exposure that stands to benefit from what is shaping up to be the largest IPO in history. [1] SpaceX confidentially filed its S-1 with the SEC on April 1, 2026, and its public registration is expected to land on EDGAR between May 18 and May 22 — possibly the same week as the Starfighters–Mu-G announcement. The targeted June Nasdaq listing aims to raise as much as US$75 billion at a US$1.75 trillion valuation. [2]Against that backdrop, Starfighters Space, Inc. (NYSE American: FJET) announced yesterday a signed Memorandum of Understanding with Mu-G Technologies, LLC and a joint response to a NASA Armstrong Flight Research Center Request for Information for Parabolic Flight Services. The RFI targets companies that can rebuild the country's commercial microgravity capability — a capability the U.S. has gone without since the last domestic operator exited the market. [3]Under the MOU, Starfighters will host Mu-G's Dassault Falcon 50 at the Midland International Air & Space Port in Texas, where the aircraft will be modified to conduct parabolic test flights and worked through FAA certification. Starfighters provides ground support, chase plane and data collection, expert pilot integration, and safety and regulatory alignment. The combined offering covers four flight environments at one site: microgravity from the Falcon 50, reduced gravity and hyper-gravity from the same parabolic profiles, and the supersonic regime from Starfighters' F-104s. The NASA RFI specifically asks for "novel or non-traditional flight platforms." [3]Starfighters CEO Tim Franta and Mu-G founder Robert S. Ward have known each other for nearly thirty years through the Space Coast aerospace community. Franta took over as CEO in February 2026. [4] Starfighters already flies revenue missions for Lockheed Martin, Space Florida, and the U.S. Air Force Research Laboratory.  On May 7, it added two senior Blue Origin engineers to lead STARLAUNCH operations. Four Other Names Riding the Same WaveIntuitive Machines, Inc. (NASDAQ: LUNR) — On May 14, the Houston lunar lander company reported record Q1 2026 revenue of US$186.7 million, nearly triple the prior-year quarter, and a record backlog of US$1.1 billion. [5] The same day, it announced a definitive agreement to acquire UK-based Goonhilly Earth Station and COMSAT, adding 44 antennas to its space-to-Earth network. On May 18, it added two prime contracts worth a combined US$20 million to operate NASA's Lunar Reconnaissance Orbiter Camera and the ShadowCam instrument. [6] Roth Capital lifted its target to US$50 on May 14; Canaccord raised its target to US$41 a day later. [7]Rocket Lab Corporation (NASDAQ: RKLB) — Q1 2026 revenue of US$200.3 million, up 63.5% year-over-year, and a record backlog of US$2.2 billion. On May 7, Rocket Lab announced the largest launch contract in its history with a confidential customer covering five Neutron and three Electron launches through 2029. That followed a US$190 million block buy signed in March with the U.S. Department of War for 20 hypersonic test flights of Rocket Lab's HASTE vehicle under MACH-TB 2.0. [8] Cantor Fitzgerald has flagged Neutron's upcoming first flight as a "major catalyst." [9]Redwire Corporation (NYSE: RDW) — The most direct thematic comparable to today's Starfighters–Mu-G news. Redwire operates nine active payload facilities on the International Space Station, including PIL-BOX, its pharmaceutical manufacturing platform that supported a cancer therapy investigation by Aspera Biomedicines in Q1. [10] On May 6, Redwire reported Q1 2026 revenue of US$97 million, up 57.9% year-over-year, and a record contracted backlog of US$498.1 million. The flagship win for the quarter was selection as one of 14 vendors on the U.S. Space Force's US$1.8 billion Andromeda IDIQ for next-generation geosynchronous reconnaissance and surveillance spacecraft. [10]Voyager Technologies, Inc. (NYSE: VOYG) — Lead developer of Starlab, the proposed commercial replacement for the ISS, in a joint venture with Airbus, Mitsubishi, and MDA Space. On its May 5 earnings call, Voyager reported a record backlog of US$275.3 million and raised its 2026 revenue guidance to US$230–US$255 million.  In April, NASA selected Voyager for its seventh Private Astronaut Mission to the ISS, named VOYG-1, no earlier than 2028. [11] Voyager ended the quarter with US$429.4 million in cash, and management has said Starlab is already 130% subscribed on commercial payload capacity. Where Starfighters FitsCompared to the others, Starfighters is a smaller-cap name. But it is one of the few publicly traded operators that owns a flying fleet of supersonic aircraft today, with real revenue from real customers. The Mu-G expansion adds a second dimension to the story: with the Falcon 50 going through modification, certification, and training at Midland under Starfighters' wing, the partnership positions both companies as contenders in a North American commercial microgravity market that does not currently exist domestically and that NASA has specifically asked industry to fill. As always, investors should do their own research and consult a qualified financial advisor before making any decision.For more information on Starfighters Space, Inc., visit: https://usanewsgroup.com/fjet-landingContact:
USA News Group
info @therooster-2873Sources:[1] https://finance.yahoo.com/video/spacex-ipo-set-bolster-space-180000761.html[2] https://www.ibtimes.com/spacex-files-largest-ipo-ever-while-absorbing-494-billion-loss-its-xai-merger-3802915[3] https://ir.starfightersspace.com/news-events/press-releases[4] https://www.stocktitan.net/sec-filings/FJET/8-k-starfighters-space-inc-reports-material-event-3234f73ec472.html[5] https://investors.intuitivemachines.com/news-events/latest-news[6] https://www.stocktitan.net/news/LUNR/intuitive-machines-announces-two-prime-lunar-reconnaissance-2ixwizlwwxtf.html[7] https://247wallst.com/investing/2026/05/15/canaccord-just-hiked-intuitive-machines-price-target-to-41-nasa-moon-base-golden-dome-power-bull-case/[8] https://www.cnbc.com/2026/05/08/rocket-lab-rklb-q1-earnings-2026.html[9] https://www.tipranks.com/news/rocket-lab-stock-price-forecast-2026-what-financial-analysts-expect-right-now[10] https://www.sec.gov/Archives/edgar/data/0001819810/000181981026000060/exhibit991redwire03312026e.htm[11] https://www.nasa.gov/news-release/nasa-selects-voyager-for-seventh-private-mission-to-space-station/DISCLAIMER / DISCLOSURE:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by USA News Group on behalf of MIQ. MIQ has been paid a fee for Starfighters Space, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Starfighters Space, Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. The owner/operator of MIQ currently owns shares of Starfighters Space, Inc. that were purchased in the open market and reserves the right to buy and sell, and will buy and sell shares of Starfighters Space, Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of Starfighters Space, Inc. by CDMG; this is a digital media distribution.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.FORWARD-LOOKING STATEMENTS:This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that demand for U.S. aerodynamic and hypersonic test infrastructure will continue to accelerate; that Starfighters Space, Inc.'s F-104 platform will provide testing capabilities at the cadence and conditions described; that the Company's expansion to Midland, Texas will proceed as planned; that the Company will retain and grow its existing customer base; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.Logo: https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg  View original content:https://www.prnewswire.com/news-releases/spacex-ipo-set-to-lift-the-whole-space-sector--and-one-nyse-american-operator-just-stepped-into-a-capability-nasa-has-asked-industry-to-rebuild-302780201.htmlSOURCE USA News Group Original: SpaceX IPO Set to Lift the Whole Space Sector -- And One NYSE American Operator Just Stepped Into a Capability NASA Has Asked Industry to Rebuild

In Ascending Triple Top Breakout pattern/mode since 20 May 2026. GLTA

Inside the Joint NASA Proposal That Could Bring Microgravity Flight Back to North AmericaMay 20, 2026 9:15 AM
PR Newswire (Canada) Issued on behalf of Starfighters Space, Inc.A supersonic test operator and a parabolic flight specialist are joining forces on a NASA bid that could reopen a microgravity capability the U.S. has gone without.CAPE CANAVERAL, Fla., May 20, 2026 /CNW/ -- USA News Group News Commentary — For decades, if a researcher wanted to expose an experiment to a few seconds of true weightlessness without paying for a rocket, the answer was a parabolic flight. The aircraft climbs, the pilot pushes over the top, and for about 20 to 30 seconds, everything inside the cabin floats. Astronauts have trained in those aircraft. Researchers have tested space-bound experiments, hardware, and life sciences protocols in them. NASA has flown microgravity science there for years. There is one problem in 2026: there is no longer a commercial parabolic flight service operating anywhere in North America. The U.S. lost that capability in recent years, and researchers who need it have been forced to look overseas or wait. Today's announcement out of Cape Canaveral lays out how that gap might be closed.Two Companies, One Hangar, and a NASA RFIThe company behind the announcement is Starfighters Space, Inc. (NYSE American: FJET), the operator of what its own filings describe as the world's fastest fleet of commercial supersonic aircraft. From its primary base at the Shuttle Landing Facility at NASA's Kennedy Space Center, the company flies modified F-104 jets at sustained Mach 2+ speeds for defense and aerospace customers including Lockheed Martin, Space Florida, and the U.S. Air Force Research Laboratory. [1]Today's news takes a different turn. Under a newly signed Memorandum of Understanding, Starfighters will host Mu-G Technologies, LLC and its Dassault Falcon 50, which will be modified to conduct parabolic test flights, at Starfighters' second operating site, the Midland International Air & Space Port in Texas, for flight testing and FAA certification work. The two companies will also jointly respond to a NASA Armstrong Flight Research Center Request for Information for Parabolic Flight Services — a solicitation aimed at companies that can rebuild the country's commercial microgravity capability. The eventual home base for Mu-G's commercial microgravity flights has not yet been determined. [2]The arrangement is more than a real estate deal. Starfighters will provide ground support, chase plane and data collection, expert pilot integration, and safety and regulatory alignment while Mu-G works the Falcon 50 through FAA certification for commercial parabolic missions. The Midland co-location gives the partnership a tangible operational footprint for the testing phase and a credible base from which to jointly pursue the NASA RFI. [2]A Thirty-Year Working RelationshipThis partnership did not start last quarter. Starfighters CEO Tim Franta and Mu-G founder Robert S. Ward have known each other for close to thirty years, a relationship traced through the Space Coast aerospace community in Florida. Franta took over as Starfighters CEO in February 2026 after the resignation of founder Rick Svetkoff, and has been steering the company through its commercialization phase. [3]"I am excited to be working with Tim again and the team at Starfighters to help both restore and expand our nation's access to safe, reliable, high-quality, and long-duration reduced-gravity parabolas to assist critical research and development programs," Ward said in the announcement. Franta echoed the logic: "By bringing Mu-G's Falcon 50 into our Midland facility, we are creating a single location where researchers and customers will be able to access both microgravity and supersonic test environments. Responding jointly to NASA's Request is the next step in building that offering into something the agency and the broader research community can rely on." [2]Why Microgravity Capability MattersMicrogravity research is not exotic science fiction. It is increasingly where real commercial work happens. Pharma and biotech companies use the absence of gravity-driven sedimentation in microgravity environments to grow purer protein crystals and study drug mechanisms — work that typically scales up to the International Space Station after initial validation on shorter-duration parabolic flights. Materials scientists use reduced gravity to study how alloys solidify without convection currents. Defense and aerospace engineers use parabolic profiles to test sensors, fluid systems, and components destined for space before committing to a full launch.The combined offering Starfighters and Mu-G are pitching to NASA covers four flight environments at one site: microgravity from the Falcon 50, reduced gravity and hyper-gravity from the same parabolic profiles, and the supersonic regime from Starfighters' F-104s. The NASA RFI specifically asks for "novel or non-traditional flight platforms." The expansion also builds on the strategic framework Starfighters and Mu-G first announced in March 2026. [4]A Sector Catching a Fresh TailwindThe timing is not accidental. The commercial space sector is in the middle of its most aggressive expansion in decades, and the May 20 announcement lands against a backdrop of capital flowing back to space names.SpaceX confidentially filed its S-1 with the SEC on April 1, 2026, and its public registration is expected to land on EDGAR between May 18 and May 22 — possibly the same week as the Starfighters announcement. The targeted June Nasdaq listing aims to raise as much as US$75 billion at a US$1.75 trillion valuation, which would make it the largest IPO in history. [5] Every other publicly traded space name has felt the lift, alongside tailwinds from the Trump administration's Golden Dome missile defense program, the Department of War's expanded hypersonic test budget, and NASA's new Moon Base initiative announced in March.Four Names Riding the Same WaveStarfighters is far from the only publicly traded company chasing this opportunity. A look at the broader cohort of NYSE- and Nasdaq-listed space companies posting recent catalysts shows just how busy the sector has become.Intuitive Machines, Inc. (Nasdaq: LUNR)The Houston-based lunar lander company has had one of the louder months in the sector. On May 14, Intuitive Machines reported record Q1 2026 revenue of US$186.7 million — nearly triple the prior-year quarter — and a record backlog of US$1.1 billion. [6] Hours later, the company announced a definitive agreement to acquire UK-based Goonhilly Earth Station and COMSAT, adding 44 antennas to its space-to-Earth network. On May 18, it followed up with two new prime contracts totaling US$20 million to operate NASA's Lunar Reconnaissance Orbiter Camera and the ShadowCam instrument. [7] Roth Capital lifted its price target to US$50 on May 14, and Canaccord raised its target to US$41 a day later. [8]Rocket Lab Corporation (Nasdaq: RKLB)If there is a benchmark for what a scaled commercial space launch company can look like outside SpaceX, Rocket Lab is currently it. The Long Beach–based launch and space systems company reported Q1 2026 revenue of US$200.3 million — up 63.5% year-over-year — and a record backlog of US$2.2 billion. [9] On May 7, it announced the largest launch contract in its history with a confidential customer: five Neutron and three Electron launches through 2029. That came just weeks after a separate US$190 million block buy signed in March with the U.S. Department of War, covering 20 hypersonic test flights of Rocket Lab's HASTE vehicle under the MACH-TB 2.0 program. [10] Cantor Fitzgerald has flagged the upcoming first flight of the new Neutron rocket as a "major catalyst." [11]Redwire Corporation (NYSE: RDW)Redwire is one of the most direct thematic comparables to today's announcement, because the company is already deeply embedded in microgravity research. On May 6, Redwire reported Q1 2026 revenue of US$97 million, up 57.9% year-over-year, and a record contracted backlog of US$498.1 million. [12] Redwire operates 11 active payload facilities on the International Space Station — including PIL-BOX, its pharmaceutical manufacturing platform that supported a cancer therapy investigation by Aspera Biomedicines in Q1. Its flagship win for the quarter was selection as one of 14 vendors on the U.S. Space Force's US$1.8 billion Andromeda IDIQ for next-generation geosynchronous reconnaissance and surveillance spacecraft. [13]Voyager Technologies, Inc. (NYSE: VOYG)Voyager is the lead developer of Starlab, the proposed commercial replacement for the International Space Station, in a joint venture with Airbus, Mitsubishi, and MDA Space. On its May 5 earnings call, Voyager reported a record backlog of US$275.3 million and raised its full-year 2026 revenue guidance to US$230–US$255 million. [14] In April, NASA selected Voyager for its seventh Private Astronaut Mission to the ISS, named VOYG-1, scheduled for no earlier than 2028. [15] The company ended the quarter with US$429.4 million in cash, and management has said Starlab is already 130% subscribed on commercial payload capacity. [14]Where Starfighters FitsCompared to the others, Starfighters is a smaller-cap name. But it is one of the few publicly traded operators that owns a flying fleet of supersonic aircraft today, with real revenue from real customers — Lockheed Martin, Space Florida, and the U.S. Air Force Research Laboratory among them. The April 30 announcement opening its F-104 fleet as a commercial aerodynamic test platform set the stage. The May 7 hiring of two senior Blue Origin engineers to lead STARLAUNCH operations signaled the company is staffing up for execution. [16]Today's Mu-G expansion adds a second dimension to the story. With the Falcon 50 going through modification, certification, and training at Midland under Starfighters' wing, the partnership positions both companies to be contenders in a North American commercial microgravity market that does not currently exist domestically and that NASA has specifically asked industry to fill. The RFI is a Request for Information, not a Request for Proposals, so the agency is still gathering information rather than awarding work. But the joint response puts Starfighters at the table for what could become a significant procurement.The Bottom LineThe commercial space sector has more momentum than it has had in decades. SpaceX is heading to a record IPO. Rocket Lab, Intuitive Machines, Redwire, and Voyager are all posting record backlogs. NASA is funding new lunar missions, new commercial space stations, and now new commercial microgravity flight services. Against that backdrop, Starfighters Space, Inc. (NYSE American: FJET) is positioning itself to be the company that fills two specific gaps at once: commercially available supersonic test capacity for defense and aerospace customers, and a domestic commercial parabolic flight service for the broader research community. Today's Mu-G announcement is the next concrete step toward both. As always, investors should do their own research and consult a qualified financial advisor before making any decision.For more information on Starfighters Space, Inc., visit: https://usanewsgroup.com/fjet-landingContact:USA News Group
info @therooster-2873Sources:[1] https://finance.yahoo.com/news/starfighters-space-demonstrates-commercial-supersonic-130000515.html
[2] https://ir.starfightersspace.com/news-events/press-releases
[3] https://www.stocktitan.net/sec-filings/FJET/8-k-starfighters-space-inc-reports-material-event-3234f73ec472.html
[4] https://starfightersspace.com/starfighters-partners-with-mu-gtech-for-microgravity-flights/
[5] https://www.ibtimes.com/spacex-files-largest-ipo-ever-while-absorbing-494-billion-loss-its-xai-merger-3802915
[6] https://investors.intuitivemachines.com/news-events/latest-news
[7] https://www.stocktitan.net/news/LUNR/intuitive-machines-announces-two-prime-lunar-reconnaissance-2ixwizlwwxtf.html
[8] https://247wallst.com/investing/2026/05/15/canaccord-just-hiked-intuitive-machines-price-target-to-41-nasa-moon-base-golden-dome-power-bull-case/
[9] https://www.globenewswire.com/news-release/2026/05/07/3290605/0/en/rocket-lab-s-biggest-launch-deal-yet-confidential-customer-books-multiple-neutron-and-electron-launches.html
[10] https://www.cnbc.com/2026/05/08/rocket-lab-rklb-q1-earnings-2026.html
[11] https://www.tipranks.com/news/rocket-lab-stock-price-forecast-2026-what-financial-analysts-expect-right-now
[12] https://www.sec.gov/Archives/edgar/data/0001819810/000181981026000060/exhibit991redwire03312026e.htm
[13] https://www.fool.com/earnings/call-transcripts/2026/05/08/redwire-rdw-q1-2026-earnings-call-transcript/
[14] https://www.businesswire.com/news/home/20260504054092/en/Voyager-Reports-First-Quarter-2026-Financial-Results-Reports-1Q-Record-Backlog-Increases-2026-Revenue-Guidance
[15] https://www.nasa.gov/news-release/nasa-selects-voyager-for-seventh-private-mission-to-space-station/
[16] https://finance.yahoo.com/sectors/technology/articles/starfighters-space-adds-blue-origin-130000983.htmlDISCLAIMER / DISCLOSURE:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by USA News Group on behalf of MIQ. MIQ has been paid a fee for Starfighters Space, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Starfighters Space, Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. The owner/operator of MIQ currently owns shares of Starfighters Space, Inc. that were purchased in the open market and reserves the right to buy and sell, and will buy and sell shares of Starfighters Space, Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of Starfighters Space, Inc. by CDMG; this is a digital media distribution.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.FORWARD-LOOKING STATEMENTS:This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that demand for U.S. aerodynamic and hypersonic test infrastructure will continue to accelerate; that Starfighters Space, Inc.'s F-104 platform will provide testing capabilities at the cadence and conditions described; that the Company's expansion to Midland, Texas will proceed as planned; that the Company will retain and grow its existing customer base; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.Logo : https://mma.prnewswire.com/media/2838876/5979886/USA_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/inside-the-joint-nasa-proposal-that-could-bring-microgravity-flight-back-to-north-america-302777423.htmlSOURCE USA News Group Original: Inside the Joint NASA Proposal That Could Bring Microgravity Flight Back to North America

Redwire Secures $15 Million Follow-On Order from the 1st Aviation Brigade, US Army Aviation Center of Excellence (AVCOE) for Stalker UAS to Support Advanced Individual TrainingMay 20, 2026 7:00 AM
Business Wire Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, announced today it has been awarded a $15 million follow-on order from the 1st Aviation Brigade, US Army Aviation Center of Excellence (AVCOE), for Redwire Stalker uncrewed aerial systems (UAS). This award marks the third order from 1st Aviation Brigade, AVCOE in the last eight months bringing the total to $24.8 million in recent orders. Under the terms of the contract, the Stalker systems will be sent to the 2nd Battalion, 13th Aviation Regiment at Fort Huachuca for advanced individual training with the Army's 15-series Military Occupational Specialty (MOS) Tactical Unmanned Aircraft System (TUAS) Specialists. This is an evolving MOS that merges operator and maintainer functions with a focus on conducting reconnaissance, surveillance, and target acquisition (RSTA) directly with ground forces for merged drone maintenance and operations. “Our Stalker is purpose built to meet multiple mission needs, and will significantly bolster the U.S. Army’s ability to detect, identify, and track threats across a wide range of operational theaters,” said Steve Adlich, President of Redwire Defense Tech. “Redwire understands the criticality of ‘train the trainer’ through effective individualized instruction and the role it plays in supporting the evolving mission needs of the modern battlefield.” The Stalker is designed with a Modular Open Systems Approach (MOSA) that enables rapid payload swapping and technical upgrades, reduces vendor lock, lowers lifecycle costs, and improves interoperability. The Army’s selection of Stalker for the 15-series MOS UAS training program highlights not only the Army’s trust in this system’s capabilities, but also in its ability to meet current and future warfighter needs in the field. Redwire is accelerating mission readiness with tailored Stalker UAS training for the U.S Army Aviation Center of Excellence (AVCOE) and other programs worldwide, advancing force modernization and operator preparedness. “Redwire’s goal is operator independence. We want to make sure our customers are equipped to meet any mission challenge they might face through system flexibility and comprehensive, hands-on training focused on real-world mission scenarios,” added Adlich. “The systems that the warfighter trains on today are the systems of the battlefield tomorrow.” In addition to mission-aligned training for AVCOE, Redwire has focused UAS training programs for US DoW, US FEDCIV, FVEY, NATO, and allied customers around the globe. Stalker training programs are designed according to operational lessons learned from hundreds of thousands of flight hours across six continents, as well as real world mission experience for the U.S. Army and other programs of record. Redwire specializes in delivering innovative and combat proven uncrewed aircraft, advanced optics, and resilient energy solutions that are being used by allied government and civilian operations worldwide. With nearly three decades of technology heritage and manufacturing expertise, Redwire’s experienced team delivers proven solutions based on real-world mission needs. About Redwire Redwire Corporation (NYSE: RDW) is an integrated space and defense tech 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 1,400 employees located throughout North America and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520028961/en/ Media Contact:
Tere Riley
Tere.Riley@rdw.com
OR
Investors:
Investorrelations@rdw.com Original: Redwire Secures $15 Million Follow-On Order from the 1st Aviation Brigade, US Army Aviation Center of Excellence (AVCOE) for Stalker UAS to Support Advanced Individual Training

Redwire Awarded a Multi-Year Contract to Deliver Next Generation Penguin Mk3 Tactical UAS to NATO CountryMay 19, 2026 7:00 AM
Business Wire Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, today announced that it has been awarded a multi-year contract valued at high eight-figures, through a competitive tender, by an undisclosed NATO country ally to deliver its Penguin Mk3 uncrewed aerial system (UAS) as part of a multi-year modernization program for the country’s tactical UAS capabilities. Redwire’s Penguin series UAS is fielded globally and is recognized for its endurance, modular payload architecture, and operational reliability. Penguin Mk3 builds from this foundation to address emerging mission needs across NATO and allied forces. Mk3 incorporates enhanced modularity, mission adaptability, and growth capacity to support a broad range of operational requirements. “This program reflects Redwire's heritage of bringing a forward-looking approach to tactical UAS modernization for NATO allies,” said Steve Adlich, President of Redwire Defense Tech. “Penguin Mk3 builds on years of operational, combat experience to deliver a scalable, adaptable solution aligned with the demands of modern defense environments.” Program execution and long-term sustainment will be supported through Redwire’s European operations, leveraging regional engineering, program management, and sustainment expertise to ensure operational readiness and enduring customer support. The Redwire Penguin UAS has a proven history of mission support in contested environments and has been included by name in the United States Security Assistance Packages for Ukraine in July 2023 and December 2024. To date, Redwire has delivered more than 250 combat proven Penguin aircraft directly to the Ukraine Armed Forces for deployment in one of the world’s most challenging contested environments, where advanced drone technology is changing the very nature of modern warfare. Redwire specializes in delivering combat proven uncrewed aerial systems, advanced optics, and resilient energy solutions that are being used by defense agencies, federal civilian agencies, and allied governments worldwide. With nearly three decades of technology heritage and manufacturing expertise, Redwire’s experienced team delivers proven solutions based on real-world mission needs. About Redwire Redwire Corporation (NYSE:RDW) is an integrated space and defence tech 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 1,400 employees located throughout Europe and North America are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519442229/en/ Media Contact:
Tere Riley
Tere.Riley@rdw.com OR Investors:
Investorrelations@rdw.com Original: Redwire Awarded a Multi-Year Contract to Deliver Next Generation Penguin Mk3 Tactical UAS to NATO Country

SHE GONNA RUN !

Long Tail Up on 14 May 2026. GLTA
Share price up by about 26% Wow!
Some exhale is likely. We shall see.

Wow

RDW 🔥 

How many millions left in ATM?

Symbol RDW
Last $12.17
Change +$1.10 (+9.89%)
Bid $12.16
Ask $12.17
High $12.52
Low $10.77
Volume 30,217,015
Time (ET) 12:56:42

Let’s hope AE is done selling (I think they are) and that the ATM offering is finally finished. If so we may have some hope of moving up so long as there isn’t more major selling or share offerings. 

Long Tail Up on 8 May 2026. GLTA
At this time the share price is up by 17%.
We shall see at market close where it will be.

The stock is for long term. Short term watching is not warranted and a waste of time.

The stock is for long term. Short term watching is not warranted and a waste of time.

Record backlog and drops? What gives 

Double Top Breakout on 6 May 2026. GLTA

Up 18% so far this morning!

Triple Top Breakout on 16 Apr 2026. GLTA

Redwire Awarded $20 Million in Follow-On Orders from Navy and Marine Corps Small Tactical Unmanned Aircrafts Systems Program Office (PMA-263) to Deliver Stalker UAS Advanced Navigation and Standard SystemsApril 14, 2026 7:00 AM
Business Wire
Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, today announced it has received awards totaling over $20M in Purchase Orders (POs) in Q1 FY2026 supporting the Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program Office (PMA263) Family of Small UAS (FoSUAS) Team.


This award encompasses the Marine Corps’ first acquisition of Redwire’s Advanced Navigation version of the Stalker Block 30 uncrewed aerial system (UAS). These new systems will provide a significant increase in capability and will join the nearly 250+ existing Stalker aircraft already fielded by the Marine Corps. Each Advanced Navigation system consists of air vehicles; ISR camera payloads; short, medium, and long-range ground control stations; and all associated support kits.


“Advanced Navigation is critical for long-range reconnaissance missions where drones must operate in contested, GPS-denied environments over vast distances,” said Steve Adlich, President of Redwire Defense Tech. “Our Stalker UAS has a 20-year legacy of combat-proven reliability, mission-driven performance, and adaptability. We are proud to support PMA263 as they modernize small UAS capabilities for the Marine Corps and strengthen readiness across key mission sets.”


The transition of the U.S. Marine Corps’ Stalker UAS fleet from the existing Stalker Block 30 to Advanced Navigation configurations ensures the Marine Corp stays on the cutting edge of technology to support its mission on quickly evolving modern battlefield. The Advance Navigation Stalker enables enhanced situational awareness, improved target tracking, and greater operational flexibility for intelligence, surveillance, and reconnaissance (ISR) missions, in highly contested electronic warfare (EW) environments, similar to that being experienced in Ukraine today.


This procurement was completed through the Defense Logistics Agency (DLA) Tailored Logistics Support (TLS) contract, an indefinite delivery/indefinite quantity (IDIQ) multiaward contract (MAC). Atlantic Diving Supply (ADS) served as the prime contractor for this award.


For more information on the Stalker Block 30 and Block 40 platforms, as well as Redwire’s complete combat-proven portfolio, visit https://rdw.com/defense-tech/


About Redwire


Redwire Corporation (NYSE:RDW) is an integrated space and defense tech 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 1,400 employees located throughout North America and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.


NAVAIR Public Release SPR-2026-0238. Distribution Statement A - Approved for public release; distribution is unlimited.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414962363/en/
Media Contact:

Tere Riley

Tere.Riley@rdw.com


Investors:

investorrelations@rdw.com


Original: Redwire Awarded $20 Million in Follow-On Orders from Navy and Marine Corps Small Tactical Unmanned Aircrafts Systems Program Office (PMA-263) to Deliver Stalker UAS Advanced Navigation and Standard Systems

NYSE Content Update: Artemis II Lifts Off, Takes Crew Toward Moon for First Time since 1972April 2, 2026 8:55 AM
PR Newswire (Canada)

NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, April 2, 2026 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 



Ashley Mastronardi delivers the pre-market update on April 2ndStocks are lower Thursday morning after President Trump said in a speech Wednesday night that the U.S. will hit Iran "extremely hard" over the next two to three weeks.The Artemis II mission launched from the Kennedy Space Center Wednesday evening, with NYSE-listed firms such as Redwire (NYSE: RDW), whose shares rose 6.8%, participating in the mission.Greif (NYSE: GEF) CEO Ole Rosgaard will join NYSE Live to explain how his company's history of navigating global disruptions will allow it to keep delivering for customers.Three-time Olympic gold medalist Mikaela Shiffrin will join Taking Stock after ringing the Closing Bell this afternoon.Opening Bell
SmartStop Self Storage (NYSE: SMA) celebrates its one-year IPO anniversaryClosing Bell
Mikaela Shiffrin celebrates her historic 2026 season, and her third Olympic gold medalFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com














View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-artemis-ii-lifts-off-takes-crew-toward-moon-for-first-time-since-1972-302732819.htmlSOURCE New York Stock Exchange

Original: NYSE Content Update: Artemis II Lifts Off, Takes Crew Toward Moon for First Time since 1972

Redwire to Present at the 38th Annual Roth Conference on March 24, 2026March 19, 2026 4:30 PM
Business Wire
Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, today announced that Redwire’s Chief Financial Officer Chris Edmunds will participate on the Defense and Space Infrastructure Panel at the 38th Annual Roth Conference on March 24, 2026 from 9:00-9:55 a.m. PDT.


The panel will be available at the following web address: https://event.summitcast.com/view/kKmFFrbEes9oUCyrRFmQ5N/QpdNpVnUkPiUnzqBYuBxLd


About Redwire


Redwire Corporation (NYSE:RDW) is an integrated space and defense tech 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 1,400 employees located throughout North America and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319918185/en/
Media Contacts:

Tere Riley

Tere.Riley@rdw.com


OR


Investors:

investorrelations@rdw.com


Original: Redwire to Present at the 38th Annual Roth Conference on March 24, 2026

Redwire Elects The Honorable Frank Calvelli to Board of DirectorsMarch 17, 2026 7:30 AM
Business Wire
Calvelli served as Assistant Secretary of the Air Force for Space Acquisition and Integration –the Pentagon’s first-ever senior acquisition executive in charge of military space programs


Redwire Corporation (NYSE: RDW), a global leader in aerospace and defense technology solutions, today announced that its Board of Directors has elected The Honorable Frank Calvelli as its newest member, effective March 12, 2026.


Calvelli previously served as Assistant Secretary of the Air Force for Space Acquisition and Integration and was the Pentagon’s first service acquisition executive for U.S. Space Force space systems and programs. In this role, Calvelli enhanced speed and collaboration in developing systems for the U.S. Space Force, while also synchronizing efforts across the Department of Defense and with broader government, to get new capabilities into the hands of warfighters.


“Frank brings unique customer perspective and trusted experience within the national security sector, and he joins Redwire’s Board of Directors at an exciting time within the company's growth trajectory,” said Peter Cannito, Redwire Chairman and CEO. “His experience will be invaluable, and I look forward to working with him and the Board as we position Redwire to deliver even more critical capabilities for U.S. warfighters.”


Prior to his tenure at the Air Force, Calvelli served for eight years as the Principal Deputy Director of the National Reconnaissance Office. Overall, he has more than 36 years of experience in national security space acquisitions.


Calvelli earned a bachelor’s degree in computer and information sciences from the State University of New York at Potsdam and an MBA from Loyola College in Baltimore, Maryland.


About Redwire


Redwire Corporation (NYSE:RDW) is an integrated space and defense tech 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 1,400 employees located throughout North America and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit RDW.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317131274/en/
Media Contact:

Tere Riley

Tere.Riley@rdw.com


OR


Investors:

Investorrelations@rdw.com


Original: Redwire Elects The Honorable Frank Calvelli to Board of Directors

That is a great read, thank you for posting it. 

Mach 2 and Beyond: Aerospace Enters Its Biggest Spending CycleFebruary 27, 2026 11:24 AM
PR Newswire (US)

Issued on behalf of Starfighters SpaceVANCOUVER, BC, Feb. 27, 2026 /PRNewswire/ -- Equity Insider News Commentary — Congress approved $839 billion in Pentagon funding for fiscal 2026, $8 billion more than the Department of Defense requested, with billions earmarked for space, missile defense, and advanced aerospace systems[1]. The Pentagon's $152 billion reconciliation spending plan allocates $2.2 billion specifically to accelerate hypersonic defense systems and $5.6 billion for space-based interceptors[2]. Companies positioned across aerospace testing, defense technology, and space infrastructure include Starfighters Space (NYSE-A: FJET), Kratos Defense (NASDAQ: KTOS), V2X (NYSE: VVX), Redwire (NYSE: RDW), and Intuitive Machines (NASDAQ: LUNR).







The FAA licensed 205 commercial space operations in 2025, a 25% increase over the prior year, with projections showing licensed launches could double by 2029[3]. Separately, an additional $24.4 billion in new missile defense funding under the Golden Dome initiative is expected to drive sustained demand across satellite ground systems, advanced propulsion, and airborne test platforms[4].Starfighters Space (NYSE American: FJET) recently announced an expansion of its operations at Midland International Air & Space Port, relocating aircraft, engines, and support equipment to increase mission cadence and geographic flexibility. The company reports four F-104 aircraft and 14 GE J-79 engines now stationed at Midland, with plans to double that number within 18 months.From Midland, Starfighters can reach nine locations across the U.S. Southwest, including spaceports, Air Force bases, and test ranges in Texas, New Mexico, Oklahoma, Nevada, Utah, and California. The expansion complements the company's headquarters at NASA's Kennedy Space Center in Florida, providing operational resilience across two strategic hubs."Midland's strategic location allows us to reach nine different air and spaceport locations," said Tim Franta, Chief Executive Officer at Starfighters. "The flexibility of the Starfighters platform allows us to scale operations rapidly, especially compared to static vertical launch sites."The Midland site also supports Starfighters' partnership with the Midland Development Corporation on high-speed corridor initiatives focused on safe supersonic flight over land. The company expects the location to play a growing role as operational cadence increases across its airborne testing and air-launch development programs.In parallel, Starfighters continues to advance its STARLAUNCH 1 program, having recently announced it is moving forward to Critical Design Review. The next step builds on completed subsonic and supersonic wind tunnel testing at Florida Center for Advanced Aero-Propulsion (FCAAP), which demonstrated clean separation behavior at Mach 0.85 and Mach 1.3 across ten successful runs.Starfighters operates the only commercial fleet in the free world capable of carrying underwing test payloads at speeds greater than Mach 2, or more than 1,500 miles per hour. The company's growing range of collaborations across defense and space positions its F-104 platform as a versatile high-performance testbed serving both government and commercial partners.In other industry developments:Kratos Defense (NASDAQ: KTOS) recently completed the Critical Design Review for the Space Development Agency's Advanced Fire Control Ground Infrastructure system with zero liens, allowing the program to continue on an accelerated schedule. The CDR was finished just eight months after the preliminary design review, itself completed in five months from the original $116.7 million contract award."Completing the critical design review ahead of schedule highlights Kratos' ability to deliver advanced, software-driven systems faster than traditional development models, enabled by our OpenSpace ground architecture," said Greg Caicedo, Senior Vice President of Kratos Space.The company serves as prime contractor for the AFCGI program, overseeing a multi-partner team delivering ground segment capabilities for the SDA's demonstration systems. Kratos continues to invest in scalable, resilient capabilities aligned with the Pentagon's expanding space architecture priorities.V2X (NYSE: VVX) was recently awarded a seat on the Advanced Technology Support Program 5, a $25 billion multiple-award contract administered by the Defense Microelectronics Activity under the Office of the Secretary of Defense. The scope covers engineering development, prototyping, testing, integration, and full lifecycle support for defense systems including AI-optimized platforms."Winning a position on the ATSP5 enables V2X as a leader in transformative engineering solutions," said Jeremy C. Wensinger, President and CEO of V2X. "Our selection places us at the forefront of defense modernization, allowing us to deliver advanced capabilities that don't simply respond to threats and system obsolescence, but anticipate and evolve with them."The contract vehicle provides federal and state agencies streamlined access to V2X's capabilities in mission-critical solutions, from rapid acquisition and systems engineering to intelligent integration and autonomous system development. The company brings decades of expertise in solving complex engineering challenges at scale.Redwire (NYSE: RDW) recently reported full-year 2025 results at the top end of its revenue guidance range, with a record contracted backlog of $411.2 million. The company was also awarded a position on the Missile Defense Agency's SHIELD contract, an indefinite-delivery vehicle with a ceiling of $151 billion."2025 marked the transformation of Redwire into an integrated, multi-domain space and defense tech company," said Peter Cannito, Chairman and CEO of Redwire. "This evolution is reflected in our new structure, which we believe will enable us to maintain strong positioning and continue our growth trajectory across both established and rapidly emerging domains. With continued acceleration in contract awards during the fourth quarter of 2025 and confidence provided by our record Backlog1 of $411.2 million, we are entering 2026 with strong momentum."The company recently reorganized into dedicated Space and Defense Tech segments, appointing new segment presidents to sharpen its operational focus. Redwire's growing backlog and structural realignment position it for sustained execution across both established and emerging defense and space domains.Intuitive Machines (NASDAQ: LUNR) recently announced a $175 million strategic equity investment led by global institutional investors to advance satellite communications and in-space data processing capabilities. The investment follows the company's $800 million acquisition of Lanteris Space Systems in January."We are building a scalable infrastructure platform from low-Earth orbit to the Moon and into deep space," said Steve Altemus, Chief Executive Officer of Intuitive Machines. "With this investment, we can accelerate the integration of the combined company's collective capabilities to deliver next-generation data, communications, and space-based infrastructure services."The company intends to expand its Near Space Network Services and invest in flight-proven satellite platforms for growth markets including orbital data centers and deep space communications. Intuitive Machines also anticipates near-term awards for NASA's Lunar Terrain Vehicle Services and follow-on satellite contracts.Article Source: equity-insider.comCONTACT:
EQUITY INSIDER
info @athomedadDISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed by Equity Insider on behalf of Market IQ Media Group Inc. ("MIQ"). Regarding this publication, MIQ has NOT been paid a fee for Starfighters Space, Inc. advertising or digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Starfighters Space, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of Starfighters Space, Inc. but reserves the right to buy and sell, and will buy and sell shares of Starfighters Space, Inc. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Starfighters Space, Inc. by CDMG. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:
1. https://www.airandspaceforces.com/congress-passes-839-billion-budget-defense/
2. https://www.defenseone.com/policy/2026/02/pentagons-spending-plan-doubles-down-land-air-sea-robots/411628/
3. https://spacenews.com/faa-projects-continuing-growth-in-commercial-space-transportation/
4. https://breakingdefense.com/2026/02/reconciliation-revealed-how-the-pentagon-plans-to-spend-all-152-billion-in-fy26/Logo: https://mma.prnewswire.com/media/2840019/5828024/Equity_Insider_Logo.jpg 



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Original: Mach 2 and Beyond: Aerospace Enters Its Biggest Spending Cycle

Redwire Corporation Reports Fourth Quarter and Full Year 2025 Financial Results, Achieves Top End of 2025 Revenue Guidance Range with Record Contracted BacklogFebruary 25, 2026 4:30 PM
Business Wire
Redwire Corporation (NYSE:RDW, “Redwire” or the “Company”), a global leader in space and defense technology solutions, today announced results for its fourth quarter and full year ended December 31, 2025.


“2025 marked the transformation of Redwire into an integrated, multi-domain space and defense tech company. This evolution is reflected in our new structure, which we believe will enable us to maintain strong positioning and continue our growth trajectory across both established and rapidly emerging domains,” stated Peter Cannito, Chairman and Chief Executive Officer of Redwire. “With continued acceleration in contract awards during the fourth quarter of 2025 and confidence provided by our record Backlog1 of $411.2 million, we are entering 2026 with strong momentum.”


Fourth Quarter and Full Year 2025 Highlights



Strengthened leadership in Very Low Earth Orbit (“VLEO”) with the award of a $44 million phase 2 contract to advance the Defense Advanced Research Projects Agency’s Otter mission during the fourth quarter of 2025, which leverages Redwire’s SabreSat.



Entered into an eight-figure agreement with The Exploration Company (“TEC”) during the fourth quarter of 2025 to provide two International Berthing and Docking Mechanisms (“IBDM”) to support autonomous rendezvous and docking capabilities for TEC’s Nyx spacecraft.



During 2025, launched 14 PIL-BOXes, studying 18 unique molecules, to the International Space Station (“ISS”); as of December 31, 2025, Redwire had eleven active payload facilities on the ISS.



Completed acquisition of Edge Autonomy, a leading provider of field-proven uncrewed aerial systems (“UAS”) on June 13, 2025.



Delivered more than 100 Stalker/Penguin UAS in 7 countries around the world subsequent to the Edge Autonomy acquisition, including the U.S. Army (directly and via the Long Range Reconnaissance (“LRR”) program), U.S. Marine Corps, and NATO and other allied nations.



During the fourth quarter of 2025, opened a new 85,000 square foot facility in Ann Arbor, Michigan to increase production of critical fuel cells to meet growing demand, reflecting a key investment in a domestic, vertical integration strategy for Stalker UAS production.



Revenues increased 10.3% year-over-year to $335.4 million for full year 2025 and increased 56.4% year-over-year to $108.8 million for the fourth quarter of 2025.



Meaningful sequential and year-over-year increase in Book-to-Bill1 ratio on both an annual and quarterly basis to 1.32 as of full year 2025 and 1.52 as of the fourth quarter of 2025.



Ended full year 2025 with total liquidity2 of $130.2 million, a 103.2% increase over the end of 2024.



Net Loss increased by $112.2 million year-over-year to $(226.6) million for full year 2025 and increased by $18.3 million year-over-year to $(85.5) million for the fourth quarter of 2025, both of which include the impact of more than $130 million and $40 million, respectively, in non-recurring activity.



Adjusted EBITDA3 decreased by $49.5 million year-over-year to $(50.3) million for full year 2025 and decreased by $8.9 million year-over-year to $(18.1) million for the fourth quarter of 2025.



2026 Forecast



For the full year ended December 31, 2026, Redwire is forecasting revenues of $450 million to $500 million.



“During the fourth quarter of 2025, we used proceeds from an efficient At-The-Market (“ATM”) program to repay $105.5 million of outstanding debt and in February 2026, we refinanced our remaining credit agreement. As a result of these proactive steps and additional debt repayment earlier in 2025, we have significantly strengthened our balance sheet and simplified our capital structure, with an estimated total annualized interest savings of over $17 million,” said Chris Edmunds, Chief Financial Officer of Redwire. “Our financial results in the fourth quarter of 2025 reflect substantial negative impact from EAC adjustments that were largely related to programs in the development stage, and as we head into 2026, our focus remains on transitioning these programs into production, which we expect will drive gross margin improvement.”




1 Backlog and Book-to-Bill are key business measures. Please refer to “Key Performance Indicators” and the tables included in this press release for additional information.








2 Total liquidity of $130.2 million as of December 31, 2025 is comprised of $94.5 million in cash and cash equivalents, $35.0 million in available borrowings from our existing credit facilities, and $0.7 million in restricted cash.








3 Adjusted EBITDA is not a measure of results under generally accepted accounting principles in the United States. Please refer to “Non-GAAP Financial Information” and the reconciliation tables included in this press release for details regarding this Non-GAAP measure.







Webcast and Investor Call


Management will conduct a conference call starting at 9:00 a.m. ET on Thursday, February 26, 2026 to review financial results for the fourth quarter and full year ended December 31, 2025. This release and the most recent investor slide presentation are available in the investor relations area of our website at RDW.com.


Redwire will live stream a presentation with slides during the call. Please use the following link to follow along with the live stream: https://event.choruscall.com/mediaframe/webcast.html?webcastid=iSN1JW2o. The dial-in number for the live call is 877-485-3108 (toll free) or 201-689-8264 (toll), and the conference ID is 13757980.


A telephone replay of the call will be available for two weeks following the event by dialing 877-660-6853 (toll-free) or 201-612-7415 (toll) and entering the access code 13757980. The accompanying investor presentation will be available on February 26, 2026 on the investor section of Redwire’s website at RDW.com.


Any replay, rebroadcast, transcript or other reproduction or transmission of this conference call, other than the replay accessible by calling the number and website above, has not been authorized by Redwire and is strictly prohibited. Investors should be aware that any unauthorized reproduction of this conference call may not be an accurate reflection of its contents.


About Redwire Corporation


Redwire Corporation (NYSE:RDW) is an integrated space and defense tech 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 1,410 employees located throughout the United States and Europe are committed to delivering innovative space and airborne platforms that are transforming the future of multi-domain operations. For more information, please visit RDW.com.


Use of Projections


The financial outlook and projections, estimates and targets in this press release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainty and contingencies, many of which are beyond Redwire’s control. Redwire’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the financial projections for purposes of inclusion in this press release, and, accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purposes of this press release. While all financial projections, estimates and targets are necessarily speculative, Redwire believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results for the Company are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that Redwire, or its representatives, considered or consider the financial projections, estimates or targets to be a reliable prediction of future events. Further, inclusion of the prospective financial information in this press release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.


Cautionary Statement Regarding Forward-Looking Statements


Readers are cautioned that the statements contained in this press release regarding expectations of our performance or other matters that may affect our business, results of operations, or financial condition are “forward-looking statements” as defined by the “safe harbor” provisions in the Private Securities Litigation Reform Act of 1995. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release, including statements regarding our strategy, financial projections, including the prospective financial information provided in this press release, financial position, funding for continued operations, cash reserves, liquidity, projected costs, plans, projects, awards and contracts, and objectives of management, among others, are forward-looking statements. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “continued,” “project,” “plan,” “opportunity,” “estimate,” “potential,” “predict,” “demonstrates,” “may,” “will,” “could,” “intend,” “shall,” “possible,” “forecast,” “trends,” “contemplate,” “would,” “approximately,” “likely,” “outlook,” “schedule,” “pipeline,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are not guarantees of future performance, conditions or results. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.


These factors and circumstances include, but are not limited to (1) risks associated with economic uncertainty, including high inflation, market volatility, and the potential worsening of macro-economic conditions; (2) geopolitical and macroeconomic events; (3) tariffs impacting demand for our products; (4) the failure of financial institutions or transactional counterparties; (5) our evolving industry, limited operating history and history of losses makes it difficult to evaluate our future prospects and the risks and challenges we may encounter; (6) the inability to successfully integrate recently completed and future acquisitions, including the recent acquisition of Edge Autonomy, or successfully select, execute or integrate future acquisitions into the business and realize the anticipated benefits; (7) the development and continued refinement of many of Redwire’s proprietary technologies, products and service offerings; (8) competition with new or existing companies; (9) a limited number of customers make up a high percentage of our revenue; (10) potential litigation arising from time to time; (11) natural disasters, geopolitical conflicts, or other natural or man-made catastrophic events; (12) adverse publicity stemming from any incident or perceived risk involving Redwire or our competitors; (13) incurring significant risks and uncertainties not covered by insurance or indemnity; (14) failure to respond to industry cycles in terms of our cost structure, manufacturing capacity, and/or personnel needs; (15) customers unwillingness to adopt our core offerings; (16) delays in the development, design, engineering and manufacturing of our core offerings; (17) unsatisfactory performance of our core offerings; (18) impacts to our cash flows caused by our mix of fixed-price, cost-plus and time-and-material type contracts; (19) incurrence of expenditures prior to final receipt of a contract; (20) failure of new offerings and technologies to materialize; (21) the inability to convert orders in backlog into revenue; (22) the inability to properly manage the use of artificial intelligence in our business; (23) reliance on third-party launch vehicles to launch our spacecraft and customer payloads; (24) risk of an accident on launch or during a journey into space; (25) Redwire’s inability to meet expected financial results; (26) cyber-attacks and other security threats and disruptions; (27) risks resulting from broader geographic operations; (28) impairment of goodwill; (29) inability to use net operating loss carryforwards and certain other tax attributes; (30) changes to the U.S. government’s budget deficit and the national debt, as well as any inability of the U.S. government to complete its budget process for any government fiscal year; (31) dependence on U.S. government contracts; (32) changes to our facility security clearance; (33) Redwire is subject to stringent U.S. economic sanctions, and trade control laws and regulations, as well as risks related to doing business in other countries; (34) failure to adequately protect our intellectual property rights; (35) failure to obtain necessary additional funding; (36) the fact that AE Industrial Partners and its affiliates have significant influence over us, which could limit your ability to influence the outcome of key transactions; (37) the fact that provisions in our Certificate of Designation with respect to our Series A Convertible Preferred Stock may delay or prevent our acquisition by a third party, which could also reduce the market price of our capital stock; (38) the fact that our Series A Convertible Preferred Stock has rights, preferences and privileges that are not held by, and are preferential to, the rights of holders of our other outstanding capital stock; (39) the possibility of sales of a substantial amount of our common stock by our current stockholders; (40) volatility in the trading price of our common stock; (41) identification of material weaknesses of other deficiencies or failure to maintain effective internal controls over financial reporting and (42) other risks and uncertainties described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and those indicated from time to time in other documents filed or to be filed with the Securities and Exchange Commission by Redwire. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. If underlying assumptions to forward-looking statements prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated, estimated, or projected. The forward-looking statements contained in this press release are made as of the date of this press release, and Redwire disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Persons reading this press release are cautioned not to place undue reliance on forward-looking statements.


Non-GAAP Financial Information


This press release contains financial measures that have not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). These financial measures include Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Margin and Free Cash Flow.


Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies. We encourage investors and stockholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.


Adjusted EBITDA is defined as net income (loss) adjusted for interest expense, net, income tax expense (benefit), depreciation and amortization, impairment expense, transaction expenses, acquisition integration costs, acquisition earnout costs, purchase accounting fair value adjustments related to deferred revenue and inventory, severance costs, capital market and advisory fees, disposal of long-lived assets, litigation-related expenses, equity-based compensation, committed equity facility transaction costs, debt financing costs and extinguishment losses, gains on sale of joint ventures, net of costs incurred, and warrant liability change in fair value adjustments.


Adjusted Gross Profit is defined as revenues less cost of sales as computed in accordance with U.S. GAAP, excluding adjustments resulting from the application of purchase accounting included in cost of sales and Adjusted Gross Margin is defined as Adjusted Gross Profit as a percentage of revenue. Management believes these non-GAAP measures provide investors meaningful insight into results from ongoing operations as the calculation of these measures excludes the impact of certain non-recurring charges. Management believes that by using Adjusted Gross Margin in conjunction with GAAP Gross Margin, investors will get a more complete view of what management considers to be the Company’s core operating performance and allow for comparison of this measure when compared to those of prior periods.


Segment Adjusted EBITDA is defined as income (loss) before taxes, excluding, depreciation and amortization, impairment expense, transaction expenses, acquisition integration costs, acquisition earnout costs, purchase accounting fair value adjustment related to deferred revenue and inventory, severance costs, disposal of long-lived assets, equity-based compensation and gains on sale of joint ventures, net of costs incurred. Segment Adjusted EBITDA also excludes intra- and inter-segment sales and costs and corporate pushdown costs.


Free Cash Flow is computed as net cash provided by (used in) operating activities less capital expenditures.


We use Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Margin and Segment Adjusted EBITDA to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. We use Free Cash Flow as an indicator of liquidity to evaluate our period-over-period operating cash generation that will be used to service our debt, and can be used to invest in future growth through new business development activities and/or acquisitions, among other uses. Free Cash Flow does not represent the total increase or decrease in our cash balance, and it should not be inferred that the entire amount of Free Cash Flow is available for discretionary expenditures, since we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from this measure.


Key Performance Indicators


Management uses Key Performance Indicators (“KPIs”) to assess the financial performance of the Company, monitor relevant trends and support financial, operational and strategic decision-making. Management frequently monitors and evaluates KPIs against internal targets, core business objectives as well as industry peers and may, on occasion, change the mix or calculation of KPIs to better align with the business, its operating environment, standard industry metrics or other considerations. If the Company changes the method by which it calculates or presents a KPI, prior period disclosures are recast to conform to current presentation.




REDWIRE CORPORATION








CONSOLIDATED BALANCE SHEETS








Unaudited








(In thousands of U.S. dollars, except share data)








 








 






December 31, 2025






 






December 31, 2024








Current assets:






 






 






 








Cash, cash equivalents and restricted cash






$






95,183






 






 






$






49,071






 








Accounts receivable, net






 






37,251






 






 






 






21,905






 








Contract assets






 






44,019






 






 






 






43,044






 








Inventory, net






 






55,847






 






 






 






2,239






 








Prepaid expenses and other current assets






 






20,512






 






 






 






9,666






 








Total current assets






 






252,812






 






 






 






125,925






 








Property, plant and equipment, net






 






49,199






 






 






 






17,837






 








Right-of-use assets






 






31,741






 






 






 






15,277






 








Intangible assets, net






 






336,153






 






 






 






61,788






 








Goodwill






 






779,114






 






 






 






71,161






 








Other non-current assets






 






118






 






 






 






629






 








Total assets






$






1,449,137






 






 






$






292,617






 








Liabilities, Convertible Preferred Stock and Equity (Deficit)






 






 






 








Current liabilities:






 






 






 








Accounts payable






$






32,295






 






 






$






32,127






 








Notes payable to sellers






 






2,171






 






 






 






—






 








Short-term debt, including current portion of long-term debt






 






5,162






 






 






 






1,266






 








Short-term operating lease liabilities






 






4,088






 






 






 






4,354






 








Short-term finance lease liabilities






 






595






 






 






 






473






 








Accrued expenses






 






32,034






 






 






 






24,192






 








Deferred revenue






 






60,119






 






 






 






67,201






 








Other current liabilities






 






19,150






 






 






 






19,730






 








Total current liabilities






 






155,614






 






 






 






149,343






 








Long-term debt, net






 






80,036






 






 






 






124,464






 








Long-term operating lease liabilities






 






30,471






 






 






 






13,444






 








Long-term finance lease liabilities






 






1,276






 






 






 






980






 








Warrant liabilities






 






4,213






 






 






 






55,285






 








Deferred tax liabilities






 






38,358






 






 






 






582






 








Other non-current liabilities






 






2,119






 






 






 






428






 








Total liabilities






$






312,087






 






 






$






344,526






 








 






 






 






 








Convertible preferred stock, $0.0001 par value, 125,292.00 shares authorized; issued and outstanding: 2025—46,505.13 and 2024—108,649.30. Liquidation preference: 2025—$118,434 and 2024—$599,412






$






77,034






 






 






$






136,805






 








Shareholders’ Equity (Deficit):






 






 






 








Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding






 






—






 






 






 






—






 








Common stock, $0.0001 par value, 500,000,000 shares authorized; issued and outstanding 2025—191,915,804 and 2024—67,002,370






 






19






 






 






 






7






 








Treasury stock, at cost: 2025—1,036,294 shares and 2024—728,739 shares






 






(7,342






)






 






 






(3,573






)








Additional paid-in capital






 






1,678,799






 






 






 






161,619






 








Accumulated deficit






 






(621,762






)






 






 






(348,106






)








Accumulated other comprehensive income (loss)






 






10,302






 






 






 






1,339






 








Total shareholders’ equity (deficit)






 






1,060,016






 






 






 






(188,714






)








Total liabilities, convertible preferred stock and equity (deficit)






$






1,449,137






 






 






$






292,617






 









REDWIRE CORPORATION








CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)








Unaudited








(In thousands of U.S. dollars, except share and per share data)








 








 






Three Months Ended






 






Year Ended








 






December 31,

2025






 






December 31,

2024






 






December 31,

2025






 






December 31,

2024








Revenues






$






108,794






 






 






$






69,560






 






 






$






335,381






 






 






$






304,101






 








Cost of sales






 






98,296






 






 






 






64,937






 






 






 






318,096






 






 






 






259,646






 








Gross profit






 






10,498






 






 






 






4,623






 






 






 






17,285






 






 






 






44,455






 








Operating expenses:






 






 






 






 






 






 






 








Selling, general and administrative expenses






 






47,785






 






 






 






18,427






 






 






 






171,280






 






 






 






71,398






 








Transaction expenses






 






110






 






 






 






3,730






 






 






 






21,236






 






 






 






9,129






 








Impairment expense






 






34,685






 






 






 






—






 






 






 






34,685






 






 






 






—






 








Research and development






 






9,535






 






 






 






1,447






 






 






 






19,761






 






 






 






6,128






 








Operating income (loss)






 






(81,617






)






 






 






(18,981






)






 






 






(229,677






)






 






 






(42,200






)








Interest expense, net






 






6,073






 






 






 






3,946






 






 






 






39,704






 






 






 






13,483






 








Loss on extinguishment of debt






 






996






 






 






 






—






 






 






 






996






 






 






 






—






 








Other (income) expense, net






 






(4,123






)






 






 






45,914






 






 






 






(18,811






)






 






 






60,648






 








Income (loss) before income taxes






 






(84,563






)






 






 






(68,841






)






 






 






(251,566






)






 






 






(116,331






)








Income tax expense (benefit)






 






910






 






 






 






(1,672






)






 






 






(25,014






)






 






 






(2,020






)








Net income (loss)






 






(85,473






)






 






 






(67,169






)






 






 






(226,552






)






 






 






(114,311






)








Net income (loss) attributable to noncontrolling interests






 






—






 






 






 






—






 






 






 






—






 






 






 






4






 








Net income (loss) attributable to Redwire Corporation






 






(85,473






)






 






 






(67,169






)






 






 






(226,552






)






 






 






(114,315






)








Less: dividends on Convertible Preferred Stock






 






12,598






 






 






 






24,927






 






 






 






45,777






 






 






 






41,052






 








Net income (loss) available to common shareholders






$






(98,071






)






 






$






(92,096






)






 






$






(272,329






)






 






$






(155,367






)








 






 






 






 






 






 






 






 








Net income (loss) per common share:






 






 






 






 






 






 






 








Basic and diluted






$






(0.58






)






 






$






(1.38






)






 






$






(2.28






)






 






$






(2.35






)








Weighted-average shares outstanding:






 






 






 






 






 






 






 








Basic and diluted






 






170,171,735






 






 






 






66,770,275






 






 






 






119,544,268






 






 






 






66,146,155






 








 






 






 






 






 






 






 






 








Comprehensive income (loss):






 






 






 






 






 






 






 








Net income (loss) attributable to Redwire Corporation






$






(85,473






)






 






$






(67,169






)






 






$






(226,552






)






 






$






(114,315






)








Foreign currency translation gain (loss), net of tax






 






(643






)






 






 






(1,534






)






 






 






8,963






 






 






 






(1,407






)








Total other comprehensive income (loss), net of tax






 






(643






)






 






 






(1,534






)






 






 






8,963






 






 






 






(1,407






)








Total comprehensive income (loss)






$






(86,116






)






 






$






(68,703






)






 






$






(217,589






)






 






$






(115,722






)








 






 






 






 






 






 






 






 









REDWIRE CORPORATION








CONSOLIDATED STATEMENTS OF CASH FLOWS








Unaudited








(In thousands of U.S. dollars)








 








 






Year Ended








 






December 31, 2025






 






December 31, 2024








Cash flows from operating activities:






 






 






 








Net income (loss)






$






(226,552






)






 






$






(114,311






)








Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:






 






 






 








Depreciation and amortization expense






 






32,639






 






 






 






11,692






 








Amortization of debt issuance costs and discount






 






2,282






 






 






 






857






 








Equity-based compensation expense






 






58,990






 






 






 






11,326






 








(Gain) loss on sale of joint ventures






 






—






 






 






 






(1,303






)








Loss on extinguishment of debt






 






996






 






 






 






—






 








(Gain) loss on change in fair value of warrants






 






(16,109






)






 






 






51,960






 








Deferred provision (benefit) for income taxes






 






(24,901






)






 






 






(1,803






)








Impairment expense






 






34,685






 






 






 






—






 








Non-cash lease expense






 






488






 






 






 






227






 








Purchase accounting fair value adjustment related to inventory






 






13,645






 






 






 






—






 








Other






 






(1,470






)






 






 






2,050






 








Changes in assets and liabilities:






 






 






 








(Increase) decrease in accounts receivable






 






(2,321






)






 






 






14,670






 








(Increase) decrease in contract assets






 






863






 






 






 






(7,138






)








(Increase) decrease in inventory






 






(6,652






)






 






 






(734






)








(Increase) decrease in prepaid expenses and other assets






 






(4,386






)






 






 






(1,793






)








Increase (decrease) in accounts payable and accrued expenses






 






(11,660






)






 






 






4,365






 








Increase (decrease) in deferred revenue






 






(33,980






)






 






 






3,207






 








Increase (decrease) in operating lease liabilities






 






(232






)






 






 






(342






)








Increase (decrease) in other liabilities






 






6,344






 






 






 






9,722






 








Net cash provided by (used in) operating activities






 






(177,331






)






 






 






(17,348






)








 






 






 






 








Cash flows from investing activities:






 






 






 








Acquisition of businesses, net of cash acquired






 






(151,791






)






 






 






(881






)








Net proceeds from sale of joint ventures






 






—






 






 






 






4,598






 








Purchases of property, plant and equipment






 






(13,479






)






 






 






(6,399






)








Purchase of intangible assets






 






(9,801






)






 






 






(4,517






)








Net cash provided by (used in) investing activities






 






(175,071






)






 






 






(7,199






)








 






 






 






 








Cash flows from financing activities:






 






 






 








Proceeds received from debt






 






191,131






 






 






 






45,971






 








Repayments of debt






 






(234,165






)






 






 






(8,863






)








Payment of debt issuance fees






 






(105






)






 






 






(780






)








Repayment of finance leases






 






(534






)






 






 






(479






)








Proceeds from (repayment of) third-party advances






 






(7,820






)






 






 






7,820






 








Proceeds from issuance of common stock






 






518,370






 






 






 






2,669






 








Payment of equity issuance costs






 






(1,749






)






 






 






—






 








Shares repurchased for settlement of employee tax withholdings on share-based awards






 






(3,769






)






 






 






(2,622






)








Repurchase of convertible preferred stock






 






(63,863






)






 






 






—






 








Net cash provided by (used in) financing activities






 






397,496






 






 






 






43,716






 








Effect of foreign currency rate changes on cash, cash equivalents and restricted cash






 






1,018






 






 






 






(376






)








Net increase (decrease) in cash, cash equivalents and restricted cash






 






46,112






 






 






 






18,793






 








Cash, cash equivalents and restricted cash at beginning of period






 






49,071






 






 






 






30,278






 








Cash, cash equivalents and restricted cash at end of period






$






95,183






 






 






$






49,071






 









REDWIRE CORPORATION








Reportable Segment Results








Unaudited








(In thousands of U.S. dollars)








 








 






Three Months Ended






 






Year Ended








 






December 31,

2025






 






December 31,

2024






 






December 31,

2025






 






December 31,

2024








Revenues






 






 






 






 






 






 






 








Space






$






54,454






 






 






$






59,782






 






 






$






209,817






 






 






$






255,336






 








Defense Tech






 






54,340






 






 






 






9,778






 






 






 






125,564






 






 






 






48,765






 








Total revenues






$






108,794






 






 






$






69,560






 






 






$






335,381






 






 






$






304,101






 








 






 






 






 






 






 






 






 








Segment Adjusted EBITDA






 






 






 






 






 






 






 








Space






$






(1,690






)






 






$






1,713






 






 






$






4,894






 






 






$






26,251






 








Defense Tech






 






(4,732






)






 






 






1,427






 






 






 






(10,887






)






 






 






12,538






 








Total Segment Adjusted EBITDA






$






(6,422






)






 






$






3,140






 






 






$






(5,993






)






 






$






38,789






 








Reconciliation of Segment Adjusted EBITDA to consolidated net income (loss):






 






 






 






 






 






 






 








Interest expense, net






 






(6,073






)






 






 






(3,946






)






 






 






(39,704






)






 






 






(13,483






)








Depreciation and amortization expense






 






(12,412






)






 






 






(3,154






)






 






 






(32,639






)






 






 






(11,692






)








Severance costs






 






(1,260






)






 






 






(335






)






 






 






(3,789






)






 






 






(867






)








Equity-based compensation expense






 






(11,399






)






 






 






(3,280






)






 






 






(58,990






)






 






 






(11,326






)








Transaction expenses






 






(110






)






 






 






(3,730






)






 






 






(21,236






)






 






 






(9,129






)








All other corporate charges(1)






 






(9,943






)






 






 






(57,247






)






 






 






(38,102






)






 






 






(109,493






)








Loss on extinguishment of debt






 






(996






)






 






 






—






 






 






 






(996






)






 






 






—






 








Impairment expense






 






(34,685






)






 






 






—






 






 






 






(34,685






)






 






 






—






 








Purchase accounting fair value adjustment related to inventory






 






—






 






 






 






—






 






 






 






(13,645






)






 






 






—






 








Acquisition integration cost






 






(781






)






 






 






(289






)






 






 






(1,140






)






 






 






(385






)








Gain (loss) on sale of investment, net






 






—






 






 






 






—






 






 






 






—






 






 






 






1,255






 








Disposal of long-lived assets






 






(482






)






 






 






—






 






 






 






(647






)






 






 






—






 








Income (loss) before income taxes






$






(84,563






)






 






$






(68,841






)






 






$






(251,566






)






 






$






(116,331






)







REDWIRE CORPORATION

Supplemental Non-GAAP Information

Unaudited


Adjusted EBITDA


The following table presents the reconciliations of Adjusted EBITDA to net income (loss), computed in accordance with U.S. GAAP.




 






Three Months Ended






 






Year Ended








(in thousands)






December 31,

2025






 






December 31,

2024






 






December 31,

2025






 






December 31,

2024








Net income (loss)






$






(85,473






)






 






$






(67,169






)






 






$






(226,552






)






 






$






(114,311






)








Interest expense, net






 






6,073






 






 






 






3,946






 






 






 






39,704






 






 






 






13,483






 








Income tax expense (benefit)






 






910






 






 






 






(1,672






)






 






 






(25,014






)






 






 






(2,020






)








Depreciation and amortization






 






12,412






 






 






 






3,154






 






 






 






32,639






 






 






 






11,692






 








Impairment expense






 






34,685






 






 






 






—






 






 






 






34,685






 






 






 






—






 








Transaction expenses (i)






 






110






 






 






 






3,730






 






 






 






21,236






 






 






 






9,129






 








Acquisition integration costs (i)






 






1,104






 






 






 






513






 






 






 






2,602






 






 






 






609






 








Purchase accounting fair value adjustment (ii)






 






—






 






 






 






—






 






 






 






13,645






 






 






 






—






 








Severance costs (iii)






 






1,260






 






 






 






335






 






 






 






3,789






 






 






 






867






 








Capital market and advisory fees (iv)






 






2,311






 






 






 






1,200






 






 






 






6,856






 






 






 






6,703






 








Disposal of long-lived assets (v)






 






482






 






 






 






—






 






 






 






647






 






 






 






—






 








Litigation-related expenses (vi)






 






280






 






 






 






(318






)






 






 






1,496






 






 






 






11,011






 








Equity-based compensation (vii)






 






11,399






 






 






 






3,280






 






 






 






58,990






 






 






 






11,326






 








Debt financing costs and extinguishment loss (viii)






 






996






 






 






 






—






 






 






 






1,101






 






 






 






—






 








Gain on sale of joint ventures, net of costs incurred (ix)






 






—






 






 






 






—






 






 






 






—






 






 






 






(1,255






)








Warrant liability change in fair value adjustment (x)






 






(4,603






)






 






 






43,849






 






 






 






(16,109






)






 






 






51,960






 








Adjusted EBITDA






$






(18,054






)






 






$






(9,152






)






 






$






(50,285






)






 






$






(806






)









i.






Redwire incurred acquisition costs including due diligence, integration costs and additional expenses related to pre-acquisition activity.








ii.






Redwire adjusted inventory in 2025 related to the application of purchase accounting for the Edge Autonomy acquisition and recognized expense for the amount of the fair value adjustment included in cost of sales for the inventory sold after the acquisition date.








iii.






Redwire incurred severance costs related to separation agreements entered into with former employees.








iv.






Redwire incurred capital market and advisory fees related to advisors assisting with transitional activities associated with becoming a public company, such as the implementation of internal controls over financial reporting, and the internalization of corporate services, including, but not limited to, implementing enhanced enterprise resource planning systems.








v.






Redwire incurred a loss on the write-off of long-lived assets.








vi.






Redwire incurred expenses related to securities litigation and settlements of legal matters.








vii.






Redwire incurred expenses related to equity-based compensation under Redwire’s equity-based compensation plan and Edge Autonomy’s incentive units.








viii.






Redwire incurred expenses related to debt financing agreements, including amendment related fees paid to third parties that are expensed in accordance with U.S. GAAP and losses on debt extinguishments.








ix.






Redwire recognized a gain related to the sale of all its ownership in two joint ventures during 2024, presented net of transaction costs incurred.








x.






Redwire adjusted the private warrant liability to reflect changes in fair value recognized as a gain or loss during the respective periods.







REDWIRE CORPORATION

Supplemental Non-GAAP Information

Unaudited


Adjusted Gross Profit and Margin


The following table presents the reconciliation of Adjusted Gross Profit to Gross Profit, computed in accordance with U.S. GAAP, and the calculation of Adjusted Gross Margin.




 






Three Months Ended






 






Year Ended








(in thousands)






December 31,

2025






 






December 31,

2024






 






December 31,

2025






 






December 31,

2024








Gross Profit






$






10,498






 






 






$






4,623






 






 






$






17,285






 






 






$






44,455






 








Purchase accounting adjustments(1)






 






—






 






 






 






—






 






 






 






13,645






 






 






 






—






 








Adjusted Gross Profit






$






10,498






 






 






$






4,623






 






 






$






30,930






 






 






$






44,455






 








Adjusted Gross Margin






 






9.6






%






 






 






6.6






%






 






 






9.2






%






 






 






14.6






%








 




(1) Relates to the application of purchase accounting for the Edge Autonomy acquisition and represents the amount of the fair value adjustment recognized in cost of sales for the inventory sold after the acquisition date.







Free Cash Flow


The following table presents the reconciliation of Free Cash Flow to Net cash provided by (used in) operating activities, computed in accordance with U.S. GAAP.




 






Three Months Ended






 






Year Ended








(in thousands)






December 31,

2025






 






December 31,

2024






 






December 31,

2025






 






December 31,

2024








Net cash provided by (used in) operating activities






$






(24,262






)






 






$






7,064






 






 






$






(177,331






)






 






$






(17,348






)








Less: Capital expenditures






 






(5,853






)






 






 






(4,064






)






 






 






(23,280






)






 






 






(10,916






)








Free Cash Flow






$






(30,115






)






 






$






3,000






 






 






$






(200,611






)






 






$






(28,264






)







REDWIRE CORPORATION

KEY PERFORMANCE INDICATORS

Unaudited


Book-to-Bill


Our book-to-bill ratio was as follows for the periods presented:




 






Three Months Ended






 






Last Twelve Months Ended








(in thousands, except ratio)






December 31,

2025






 






December 31,

2024






 






December 31,

2025






 






December 31,

2024








Contracts awarded






 






 






 






 






 






 






 








Space






$






110,861






 






$






31,010






 






$






237,761






 






$






184,370








Defense Tech






 






54,010






 






 






4,738






 






 






203,717






 






 






45,419








Total contracts awarded






$






164,871






 






$






35,748






 






$






441,478






 






$






229,789








Revenues






 






 






 






 






 






 






 








Space






$






54,454






 






$






59,782






 






$






209,817






 






$






255,336








Defense Tech






 






54,340






 






 






9,778






 






 






125,564






 






 






48,765








Total revenues






$






108,794






 






$






69,560






 






$






335,381






 






$






304,101








Book-to-bill ratio






 






 






 






 






 






 






 








Space






 






2.04






 






 






0.52






 






 






1.13






 






 






0.72








Defense Tech






 






0.99






 






 






0.48






 






 






1.62






 






 






0.93








Total book-to-bill ratio






 






1.52






 






 






0.51






 






 






1.32






 






 






0.76







Book-to-bill is the ratio of total contracts awarded to revenues recorded in the same period. The contracts awarded balance includes firm contract orders, including time-and-material contracts, awarded during the period and does not include unexercised contract options or potential orders under indefinite delivery/indefinite quantity contracts. Although the contracts awarded balance reflects firm contract orders, terminations, amendments, or contract cancellations may occur which could result in a reduction to the contracts awarded balance.


We view book-to-bill as an indicator of future revenue growth potential. To drive future revenue growth, our goal is for the level of contracts awarded in a given period to exceed the revenue recorded, thus yielding a book-to-bill ratio greater than 1.0.


Our book-to-bill ratio was 1.52 for the three months ended December 31, 2025, as compared to 0.51 for the three months ended December 31, 2024. For the three months ended December 31, 2025 and 2024, none of the contracts awarded balance includes acquired contract value.


Our book-to-bill ratio was 1.32 for the Last Twelve Months (“LTM”) ended December 31, 2025, as compared to 0.76 for the LTM ended December 31, 2024. For the LTM ended December 31, 2025, contracts awarded includes $73.7 million of acquired contract value from the Edge Autonomy acquisition, which was completed in the second quarter of 2025. For the LTM ended December 31, 2024, contracts awarded includes $21.9 million of acquired contract value from the Hera Systems acquisition, which was completed in the third quarter of 2024.


Backlog


The following table presents our contracted backlog as of December 31, 2025 and December 31, 2024, and related activity for the years ended December 31, 2025 as compared to the year ended December 31, 2024.




(in thousands)






December 31, 2025






 






December 31, 2024








Organic backlog, beginning balance






$






296,652






 






 






$






372,790






 








Organic additions during the period






 






257,318






 






 






 






229,789






 








Organic revenue recognized during the period






 






(228,267






)






 






 






(304,101






)








Foreign currency translation






 






7,987






 






 






 






(1,826






)








Organic backlog, ending balance






 






333,690






 






 






 






296,652






 








 






 






 






 








Acquisition-related contract value, beginning balance






 






—






 






 






 






—






 








Acquisition-related contract value acquired during the period






 






73,716






 






 






 






—






 








Acquisition-related additions during the period






 






110,444






 






 






 






—






 








Acquisition-related revenue recognized during the period






 






(107,114






)






 






 






—






 








Foreign currency translation






 






510






 






 






 






—






 








Acquisition-related backlog, ending balance






 






77,556






 






 






 






—






 








Contracted backlog, ending balance






$






411,246






 






 






$






296,652






 








 






 






 






 








Contracted backlog by segment:






 






 






 








Space






$






299,804






 






 






$






263,996






 








Defense Tech






 






111,442






 






 






 






32,656






 







We view growth in backlog as a key measure of our business growth. Contracted backlog represents the estimated dollar value of firm funded executed contracts for which work has not been performed (also known as the remaining performance obligations on a contract). Our contracted backlog includes $81.0 million and $16.7 million in remaining contract value from contracts which recognize revenue at a point in time as of December 31, 2025 and as of December 31, 2024, respectively.


Organic backlog change excludes backlog activity from acquisitions for the first four full quarters since the entities’ acquisition date. Contracted backlog activity for the first four full quarters since the entities’ acquisition date is included in acquisition-related contracted backlog change. After the completion of four fiscal quarters, acquired entities are treated as organic for current and comparable historical periods.


Organic contract value includes the remaining contract value as of January 1 not yet recognized as revenue and additional orders awarded during the period for those entities treated as organic. Acquisition-related contract value includes remaining contract value as of the acquisition date not yet recognized as revenue and additional orders awarded during the period for entities not treated as organic. Organic revenue includes revenue earned during the period presented for those entities treated as organic, while acquisition-related revenue includes the same for all other entities, excluding any pre-acquisition revenue earned during the period. The acquisition-related backlog activity presented in the table above is related to the Edge Autonomy acquisition completed during the second quarter of 2025.


Although contracted backlog reflects business associated with contracts that are considered to be firm, terminations, amendments or contract cancellations may occur, which could result in a reduction in our total backlog. In addition, some of our multi-year contracts are subject to annual funding. Management expects all amounts reflected in contracted backlog to ultimately be fully funded. Contracted backlog from foreign operations was $150.0 million and $70.5 million as of December 31, 2025 and December 31, 2024, respectively. These amounts are primarily subject to foreign exchange rate translations from euros to U.S. dollars that could cause the remaining backlog balance to fluctuate with the foreign exchange rate at the time of measurement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225862857/en/
Investor Relations Contact:

investorrelations@redwirespace.com


Original: Redwire Corporation Reports Fourth Quarter and Full Year 2025 Financial Results, Achieves Top End of 2025 Revenue Guidance Range with Record Contracted Backlog