Redwire Gains Over 90% After $15M Army Drone Order, Lunar Arm Delivery
RDW•Redwire secured a $15 million follow-on U.S. Army order for its Stalker drones and landed a high-eight-figure multi-year NATO Penguin Mk3 contract while completing delivery of its MANUS lunar robotic arm prototype for ESA’s Argonaut program. Shares have climbed over 90% this month, driving market capitalization to nearly $3.5 billion.
1. Defense Drone Contracts
Redwire secured a $15 million follow-on order from the U.S. Army’s 1st Aviation Brigade for its Stalker unmanned aerial systems and inked a high-eight-figure, multi-year agreement with a NATO ally for its Penguin Mk3 drone platform, strengthening its defense portfolio.
2. Lunar Robotics Milestone
The company completed testing and delivery of its MANUS robotic lunar arm prototype developed with Added Value Solutions for the European Space Agency’s Argonaut lunar lander, positioning Redwire in the lunar logistics market.
3. Stock Market Surge
Shares climbed over 90% during May, propelled by last week’s 24% surge and a 15% premarket gain Tuesday, boosting market valuation to nearly $3.5 billion and marking what could be its best month on record.
4. Space Infrastructure Momentum
Investor focus is shifting toward Redwire’s space infrastructure capabilities, including its Roll-Out Solar Array (ROSA) systems used by NASA and the International Space Station, and its visual navigation tools for GPS-denied environments developed in partnership with KEF Robotics.
