Over the past few days, space and defense company Redwire's (RDW 0.65%) stock was following the trajectory of a rocket blasting into the void. Thanks to not one, but two deals announced by the company, its stock price had improved by nearly 13% week to date as of Friday early morning, according to data compiled by S&P Global Market Intelligence.
On land and in the cosmos
The first of those two arrangements was trumpeted by Redwire Wednesday morning. The company's highly specialized defense subsidiary Edge Autonomy, which concentrates on advanced unmanned aerial systems (UASes), completed its latest delivery of such assets to the Ukraine military for use in its war against Russia.
Image source: Getty Images.
That probably didn't come as a surprise or shock to folks familiar with Redwire and Edge's work, as the latter has been supplying the country since the Russians invaded in 2022. Also, for some time the subsidiary has been active in the Baltics region. This, like Ukraine, was part of the old Soviet Union and currently borders Russia.
A mere two days later, Redwire announced the second deal. It wrote that it has been contracted by privately held aerospace company Axiom Space to develop and deliver customized roll-out solar array (ROSA) wings for a module its client is developing as part of a broader project to build a commercial space station.
Redwire is a veteran as far as this work is concerned. The company didn't hesitate to add that its ROSA solutions have a collective 100% success rate, and have found their way to projects such as the International Space Station and an asteroid redirection test conducted by NASA.
NYSE: RDW
Key Data Points
Missing: Financial details
What Redwire did hesitate to reveal was the financial particulars of the two developments. Investors didn't seem to mind; the thinking, apparently, is that the company is busy enough and producing numerous revenue streams. This will surely be positively reflected in its fundamentals across the coming quarters.
