CAC 40 falls after French Prime Minister resigns
JACKSONVILLE, Fla. - Redwire Corporation (NYSE:RDW), a $1.22 billion market cap aerospace technology company with a strong liquidity position reflected in its 1.46 current ratio, announced Thursday that its subsidiary Edge Autonomy has secured a contract to supply its Stalker Group 2 fixed wing uncrewed aerial system to an unnamed European NATO country.
The contract includes Stalker aircraft systems, spare parts, and training services for long-range reconnaissance and intelligence gathering operations, according to a company press release. This development comes as InvestingPro analysts anticipate sales growth for Redwire in the current year, with the company generating $261.35 million in revenue over the last twelve months.
The Stalker UAS is designed for multi-mission capabilities including long-range reconnaissance and data collection in challenging environments. The system has reportedly logged hundreds of thousands of operational hours across six continents.
"Traditionally, more complex missions have called for larger Group 3 aircraft, but Stalker enables greater capability in a more agile form factor while still allowing for custom configurations," said Steve Adlich, President of Edge Autonomy.
This order represents an expansion of Stalker UAS adoption among NATO allies. The system is already utilized by various branches of the U.S. Department of Defense, which the company suggests enhances interoperability during joint operations between U.S. forces and allies.
Edge Autonomy, acquired by Redwire, specializes in autonomous systems, advanced optics, and energy solutions. The company reports its products are currently deployed in nearly 80 countries worldwide.
Redwire Corporation, headquartered in Jacksonville, Florida, employs approximately 1,300 people across the United States and Europe, focusing on aerospace infrastructure and defense technology solutions.
In other recent news, Redwire Corporation has experienced several significant developments. Redwire announced that Bain Capital converted 31,719.43 shares of its Series A Convertible Preferred Stock into 11 million common shares, increasing the company’s total outstanding common stock to 155,188,092 shares. Additionally, reports indicate that Bain Capital is offering to sell more than half of its stake in Redwire through an unregistered block trade, with 11 million shares priced between $7.99 and $9.00 per share.
Furthermore, Redwire has entered into a partnership with Honeywell to advance quantum-secured satellite communication systems, as part of a European Space Agency-backed initiative. This collaboration aims to create a fully functional system by mid-2026, combining Redwire’s quantum platform technology with Honeywell’s quantum optical payload. In another development, Redwire secured a $25 million contract from NASA to provide biotechnology facilities and support on-orbit operations aboard the International Space Station. The company has already received a $2.5 million task order under this contract to support drug development investigations using its PIL-BOX technology. These recent developments highlight Redwire’s ongoing strategic initiatives and partnerships.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.