Redwire (RDW) Stock Surges 13% on Major Defense and Space Contract Wins
Key Highlights Redwire shares have surged more than 13%, marking three consecutive sessions of gains and new highs A $15 million additional U.S. Army contract for Stalker surveillance UAVs was secured, pushing total Stalker orders to $24.8 million in eight months The company announced a multi-year, high eight-figure contract with an unnamed NATO partner for Penguin Mk3 drone systems Redwire received prime contractor status on DARPA’s “Otter” spaceplane initiative, selecting Voyager Technologies (VOYG) as subcontractor Wall Street forecasts suggest $887.3 million in revenues by 2028, though certain valuation analyses indicate fair value around $13.28 — roughly 24% under current trading levels Redwire (RDW) shares have rallied over 13% during Friday’s trading session, extending a three-day winning streak that has propelled the stock to consecutive new peaks. The aerospace and defense contractor is currently hovering near $17.49 as of Friday’s opening hours. Redwire Corporati...