U.S. Army awards Redwire subsidiary contract for Stalker drone systems

JACKSONVILLE, Fla. - Redwire Corporation (NYSE:RDW), a $1.95 billion market cap space infrastructure company whose stock has surged over 138% in the past year, announced Thursday that its subsidiary Edge Autonomy has been awarded a prototype phase agreement by the U.S. Army to develop and deliver Stalker uncrewed aerial systems (UAS) for the Long Range Reconnaissance (LRR) program.

Under the contract, Edge Autonomy will provide Stalker drones equipped with advanced sensors, secure communications, autonomous mobility features, and modular payload configurations. These systems are designed for extended surveillance and intelligence gathering in contested environments.

The Army will evaluate the systems during hands-on flight operations in the coming months. The drones are intended to enhance the military’s capability to detect, identify, and track threats across various operational theaters.

"Our ability to address mission needs in the field allows for reliable data that guides real-time decision making," said Steve Adlich, President of Edge Autonomy, according to the press release.

The Stalker systems feature a Modular Open Systems Approach (MOSA), which will support Army units with real-time situational awareness, extended operational reach, and improved survivability in remote locations.

Edge Autonomy, which Redwire fully owns, specializes in autonomous systems, advanced optics, and energy solutions used by the Department of Defense, U.S. Federal Civilian Agencies, and allied governments.

The financial terms of the agreement were not disclosed in the company’s statement. While analysts maintain a bullish outlook on Redwire, with price targets ranging from $16 to $28, investors should note the stock’s high volatility (Beta: 2.53). For detailed analysis and 10+ additional exclusive insights, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Redwire Corporation reported second-quarter financial results that fell significantly short of analyst expectations. The company announced revenue of $61.8 million, marking a 20.9% decline from the $78.1 million recorded in the same period last year. This revenue figure was also notably below the analyst consensus estimate of $82.75 million. Additionally, Redwire posted an adjusted loss per share of -$1.41, which was a substantial decrease compared to the -$0.42 loss per share reported in the previous year. These financial results have captured the attention of investors and analysts alike. The recent developments highlight challenges in meeting market expectations. The performance metrics indicate a need for strategic reassessment within the company. Such financial results are crucial for investors monitoring Redwire’s market position and future outlook.

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