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RDW Redwire Corporation

7.24
0.40 (5.85%)
29 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Redwire Corporation NYSE:RDW NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 5.85% 7.24 7.36 6.8125 6.93 3,699,042 00:36:22

Redwire Expands Footprint in Colorado with Opening of New Manufacturing and Testing Facility to Ramp Up Production of National Security Space Hardware

30/01/2024 5:00pm

Business Wire


Redwire (NYSE:RDW)
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Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today the opening of the company’s new manufacturing facility in Longmont, Colorado.

The new, state-of-the-art Longmont facility features 26,000 square feet of high-bay manufacturing, integration, and testing floor space as well as an advanced RF testing chamber for installed performance testing of RF payloads. With the new facility, Redwire is expanding its footprint in Longmont by 70 percent, bringing the total workable area to just under 65,000 square feet. This cutting-edge facility will enable further high-volume design, manufacturing, and testing of a variety of space-based antenna hardware and large-scale deployable structures for use in low-Earth orbit (LEO) and beyond for government and commercial customers.

“The new Longmont facility will enable Redwire to manufacture more RF Systems and provide our customers with new, expanded integration and testing capabilities,” said Redwire Space Systems President Adam Biskner. “The Redwire team in Longmont has already delivered antennas supporting over 50 spacecraft for a national security constellation being developed, and thanks to the investment in this facility we are anticipating we will be able to triple that hardware throughput in just the next few years.”

Redwire’s existing Longmont, Colorado, facility is home to several of the company’s rapidly expanding programs, including production of Link 16 antennas for a constellation of national security LEO satellites meant to give warfighters beyond line-of-sight communications and secure, anti-jam tactical data networks. The facility also develops large, deployable structures, including a solar sail for NASA’s Solar Cruiser program.

Redwire will celebrate the opening of the new facility with a ribbon cutting event the afternoon of January 30. The event will include technology demonstrations and remarks delivered by:

  • Adam Biskner, President, Space Systems, Redwire
  • Robert Beletic, Aerospace and Defense Industry Manager for the Colorado Office of Economic Development and International Trade
  • Les Johnson, Principal Investigator, Solar Cruiser, NASA’s Marshall Space Flight Center
  • Bruce Davis, General Manager, Longmont, Redwire

A livestream of the remarks can be viewed at this link starting at 1:15 pm Mountain Time: https://www.youtube.com/watch?v=gbZai7ktzq8

About Redwire

Redwire Corporation (NYSE:RDW) is a global space infrastructure and innovation company enabling civil, commercial, and national security programs. Redwire’s proven and reliable capabilities include power solutions, RF systems and satellite payloads, GN&C components and avionics, deployable structures and critical mechanisms, digital engineering, testing and analysis, and revolutionary microgravity R&D and manufacturing. Redwire combines decades of flight heritage and proven experience with an agile and innovative culture. Redwire’s 700 employees working from 14 facilities located throughout the United States and Europe are committed to building a bold future in space for humanity, pushing the envelope of discovery and science while creating a better world on Earth. For more information, please visit redwirespace.com.

Media Contact: Emily Devine Emily.Devine@redwirespace.com 305-632-9137 OR Investors: investorrelations@redwirespace.com 904-425-1431

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