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Stock impact report

Redwire Awarded DARPA Prime Contract for SabreSat Spacecraft Very Low-Earth Orbit Demonstration [Yahoo! Finance]

Redwire Corporation (RDW) 
Company Research Source: Yahoo! Finance
JACKSONVILLE, Fla., June 17, 2024 BUSINESS WIRE )--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that it has been awarded a contract from the Defense Advanced Research Projects Agency (DARPA) to be the prime mission integrator for the development of a revolutionary air-breathing satellite that will demonstrate the use of novel electric propulsion systems in very low-Earth orbit (VLEO) using Redwire's SabreSat VLEO platform. The program leverages Redwire's worldwide leadership in developing and providing VLEO capabilities. The strategic significance of VLEO is growing – especially for national security missions. While low-Earth (LEO) and geosynchronous (GEO) orbits are becoming increasingly congested and contested, spacecraft in VLEO operate in a relatively unimpaired environment. Bridging the gap between air and space, VLEO spacecraft fly above airborne anti-access areas while operating significantly closer Show less Read more
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