Redwire to supply docking tech for ESA lunar module

JACKSONVILLE, Fla. - Redwire Corporation (NYSE:RDW), a $750 million market cap company specializing in space infrastructure, has secured a contract to provide docking mechanisms for the European Space Agency’s Lunar Gateway habitation module, known as Lunar I-Hab. The company’s stock has shown remarkable momentum, delivering a 155% return over the past year. According to InvestingPro analysis, the stock currently appears undervalued, with analysts setting price targets between $20-30. The contract, awarded by Thales Alenia Space, includes the delivery of one active and three passive International Berthing and Docking Mechanism (IBDM) systems by Redwire’s Belgian subsidiary, Redwire Space NV.

The active IBDM will be integral in connecting the Lunar I-Hab to the Gateway, while the passive systems will serve as docking ports for additional modules or visiting spacecraft. These mechanisms are designed to ensure safe crew and cargo transfers, facilitating ongoing operations and missions within the lunar space station. This contract adds to Redwire’s growing revenue stream, which reached $304 million last year, representing nearly 25% year-over-year growth. The IBDM is equipped with advanced automation, precision alignment, and multiple redundancies to protect the station and its crew.

Mike Gold, President of Civil and International Space at Redwire, expressed the company’s honor in being selected for this critical aspect of the Lunar I-Hab module, highlighting Redwire Europe’s role in developing capabilities as the European market moves towards greater independence in space and defense sectors.

The Lunar I-Hab, being constructed under the prime contractorship of Thales Alenia Space, will offer living quarters, laboratory space, and mission support for astronauts on long-duration deep space missions. The Gateway Space Station serves as a lunar-orbiting outpost, supporting crewed Moon missions and advancing technologies for potential human exploration of Mars.

Redwire Corporation, with a workforce of approximately 750 employees across 17 facilities in the United States and Europe, is known for its contributions to civil, commercial, and national security space programs. The company’s portfolio includes avionics, sensors, power solutions, and various other space-related capabilities.

This announcement is based on a press release statement from Redwire Corporation.

In other recent news, Redwire Corporation has been active with several significant developments. The company is set to acquire Edge Autonomy, a provider of uncrewed airborne system technology, which is expected to enhance Redwire’s capabilities in the aerospace sector. This acquisition will proceed through a merger agreement, with detailed financial statements and projections already filed with the SEC. Additionally, Redwire and ispace-U.S. have announced a collaboration for lunar exploration missions, leveraging ispace’s APEX lunar lander for NASA’s Commercial Lunar Payload Services initiative.

In other developments, Cantor Fitzgerald has reiterated its Overweight rating on Redwire, maintaining a price target of $28.00, reflecting confidence in the company’s long-term growth prospects. This optimism is supported by Redwire’s strategic position and potential in the satellite manufacturing industry. Meanwhile, Redwire disclosed an interview with CEO Peter Cannito, highlighting the company’s operations and future outlook, and announced plans for a special stockholder meeting related to the Edge Autonomy merger. These recent activities underscore Redwire’s commitment to growth and strategic partnerships within the aerospace and space exploration sectors.

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