Redwire Corp (NYSE: RDW)

Redwire is an integrated space and defense technology company focused on advanced technologies. The company provides spacecraft, space infrastructure, microgravity payloads, autonomous systems, optical sensors and radio frequency payloads. It serves national security, civil and commercial customers from locations in North America and Europe.

Redwire generates revenue by selling its products and services across its two business segments. Revenue comes from the sale of spacecraft platforms, space infrastructure components such as solar arrays and docking systems, microgravity research services, autonomous unmanned aerial systems, optical sensor payloads and radio frequency communication systems. The company's customers include government agencies, commercial enterprises and international partners.

The company operates through the following segments: Space and Defense Tech.

• Space: This segment focuses on next generation spacecraft, large space infrastructure and microgravity capabilities. It offers platforms such as SabreSat, Phantom, Thresher, Mako and Hammerhead for various orbits. The segment provides solar array solutions including the Roll Out Solar Array, docking systems like the International Berthing and Docking Mechanism and microgravity payloads such as the Pharmaceutical In space Laboratory Bio crystal Optimization eXperiment. It also supplies digital engineering tools for mission design and simulation.

• Defense Tech: This segment provides combat proven autonomous systems, optical sensors and radio frequency payloads. It offers the Stalker and Penguin unmanned aerial systems, the Octopus optical gimbal payload and a range of radio frequency communication systems for intelligence surveillance and reconnaissance missions.

Redwire competes in the space and defense technology markets against companies such as Airbus, Sodern, Rocket Lab USA Inc, AeroVironment Inc, Insitu a Boeing Company, Shield AI, Anduril Industries and Northrop Grumman. The company emphasizes product quality, reliability, technological innovation, service, past performance, ability to deliver integrated solutions, on time delivery and cost effectiveness as its competitive strengths. It also leverages its flight heritage, digital engineering capabilities and strategic partnerships to maintain a strong market position.

Redwire serves a diverse customer base that includes U. S. government agencies such as NASA, ESA, DARPA, the Space Force, the Army, the Marine Corps, the Air Force and the National Reconnaissance Office. Commercial customers include companies like Bristol Myers Squibb, Eli Lilly and ExesaLibero Pharma. International partners encompass the Latvia Ministry of Defense, the Lithuania Ministry of Defense and the Royal Saudi Air Force. In fiscal 2025, 46.9% of revenue came from national security customers, 21.6% from civil customers and 31.5% from commercial customers, with 41.6% of revenue generated outside the United States.