Redwire Stock Soars on Defense and Space Deals
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BTCCSquare news:
Redwire's stock surged nearly 13% this week following two strategic announcements. The space and defense company's subsidiary, Edge Autonomy, delivered advanced unmanned aerial systems to Ukraine, continuing its support since Russia's 2022 invasion. The Baltics region, another former Soviet territory, remains a focus for Edge's operations.
Days later, Redwire secured a contract with Axiom Space to develop roll-out solar array wings for a commercial space station module. The company's expertise in this niche field positions it as a key player in the burgeoning space infrastructure market.
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