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BTCC / BTCC Square / Global Cryptocurrency /
Redwire Stock Surges on Defense Sector News Amid Space Industry Focus

Redwire Stock Surges on Defense Sector News Amid Space Industry Focus

Author:
Global Cryptocurrency
Published:
2025-09-23 22:59:01
12
2
BTCCSquare news:

Redwire (RDW) shares climbed nearly 14% Tuesday following its Edge Autonomy subsidiary's drone delivery to Ukraine, outperforming the broader market's 0.6% decline. The defense contractor supplied Penguin uncrewed aerial systems for reconnaissance and target acquisition—a continuation of military support since Russia's 2022 invasion.

Edge Autonomy President Steve Adlich emphasized strategic positioning in the Baltics, stating the company remains "heavily invested in the region" to support Ukraine's sovereignty. The announcement lacked financial specifics but underscored Redwire's dual role in aerospace and defense contracting.

|Square

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