Redwire secures USSF contract for Mako spacecraft delivery

JACKSONVILLE, Fla. - Redwire Corporation (NYSE:RDW), a space infrastructure company with a market capitalization of $1.58 billion and an impressive 678% return over the past year, has been selected by Orion Space Solutions to provide a Mako spacecraft for the United States Space Force (USSF) Space Systems Command (SSC) Tetra-6 mission. According to InvestingPro data, the company has shown strong momentum, with analysts maintaining a bullish outlook. This announcement comes as a continuation of Redwire’s involvement with the USSF, following the delivery of two Mako spacecraft for the preceding Tetra-5 mission.

The Mako spacecraft designed for both Tetra-5 and Tetra-6 missions will be the first satellite in geosynchronous orbit (GEO) to undergo refueling and demonstrate compatibility with various refueling mechanisms. These missions are set to showcase advanced capabilities such as cooperative inspection, docking, on-orbit refueling, proximity operations, and next-generation autonomy techniques, contributing to future on-orbit servicing and spacecraft autonomy.

Peter Cannito, Chairman and CEO of Redwire, underscored the importance of the company’s spacecraft platforms for national security missions, noting their versatility, cost-effectiveness, and reliability. Redwire’s portfolio now includes five different spacecraft platforms—Mako, Thresher, Hammerhead, SabreSat, and Phantom—catering to a range of orbits and mission requirements.

Redwire, recognized as a trusted supplier for the U.S. Department of Defense (DoD), is actively engaged in building Mako, Thresher, and SabreSat spacecraft for various DoD customers, including missions for the USSF and the Defense Advanced Research Projects Agency (DARPA). The company’s Hammerhead and Phantom platforms are also in use by the European Space Agency (ESA) for exploration and technology demonstration missions, including the recently launched Proba-3 in December 2024.

The company, which employs approximately 700 people across 17 facilities in the United States and Europe, is known for its comprehensive space capabilities, including avionics, sensors, power solutions, and microgravity payloads, among others. This contract award reinforces Redwire’s commitment to supporting vital national security interests and advancing space infrastructure. InvestingPro analysis shows the company’s revenue grew by 27.35% in the last twelve months, with analysts expecting continued growth and profitability in the current year. For detailed financial analysis and 13 additional ProTips about Redwire’s performance, investors can access the comprehensive Pro Research Report available on InvestingPro.

The information in this article is based on a press release statement from Redwire Corporation.

In other recent news, Redwire’s decision to acquire Edge Autonomy continues to make headlines. B.Riley upgraded Redwire’s stock rating from Neutral to Buy, with a new price target of $27, citing the transformative potential of the acquisition. The move is expected to position Redwire as a comprehensive space infrastructure and defense technology company.

In addition to B.Riley’s upgrade, Cantor Fitzgerald maintained its Overweight rating and $28 price target for Redwire. The firm’s analyst noted the strategic value of the acquisition, which could position Redwire favorably against competitors in the integrated satellite-drone solutions market.

Meanwhile, Jefferies confirmed a Buy rating and a price target of $21 for Redwire, highlighting the acquisition’s potential to bolster Redwire’s operations into multi-domain activities. The deal is projected to lead to significant accretion to EBITDA and a pathway to achieving 20% EBITDA margins.

Redwire’s acquisition of Edge Autonomy, valued at $925 million, is anticipated to significantly enhance the company’s position in the multi-domain autonomous technology sector. The combined company is expected to generate revenues between $535 million and $605 million, with Adjusted EBITDA ranging from $70 million to $105 million for the twelve months ending December 31, 2025.

These developments mark a period of strategic transition for Redwire, with the company’s acquisition of Edge Autonomy expected to have far-reaching implications for its operations and financial performance.

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