RDW Stock: Why The Price Increased This Past Week

By Amit Chowdhry ● Oct 14, 2021
  • The stock price of Redwire Corp (NYSE: RDW) increased by over 11% this past week. This is why it happened.

The stock price of Redwire Corp (NYSE: RDW) – a leader in mission-critical space infrastructure for the next generation space economy – increased by over 11% this past week. Investors are responding positively to Redwire providing critical navigation components for NASA’s Lucy mission, the first spacecraft to study Jupiter’s Trojan asteroids. This mission is set to launch no earlier than Saturday, Oct. 16, from Space Launch Complex-41 at Cape Canaveral Space Force Station, Florida.

Redwire had delivered two Coarse Sun Sensor (CSS) Pyramids —a 2 axis sensor containing four detectors, used for solar array pointing, sun acquisition, and failsafe recovery—for the Lucy program through a contract with Lockheed Martin. And acceptance testing of the CSS Pyramids was completed in early July 2020 and shipment was made to Lockheed Martin later that month to support spacecraft integration and test.

Lucy is going to visit 8 different asteroids over 12 years following a complex path, making it the first mission launched to as many different destinations in independent orbits around our Sun. And giving us a first-time view of the primordial bodies that built the planets, Lucy will expand our understanding of the formation of the solar system.

Building on decades of flight heritage, Redwire’s sensors and components provide flexibility and capability on-orbit with more processing power and smaller form factors. And CSS technology has successfully performed in highly elliptical, geostationary, and low and medium Earth orbits about the Earth, and on various interplanetary missions to the Moon and Mars, and in deep space.

KEY QUOTE:

“Redwire is proud to be working alongside our mission partners as a trusted supplier for NASA’s groundbreaking Lucy program. Building on decades of flight heritage, our sensor technology will enable the advanced navigation capabilities needed to ensure Lucy meets its science and exploration objectives to reveal new details about our solar system.”

— Don Wesson, leader of Redwire’s Sensors business

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.