Redwire Joins ispace Tech In Pursuit Of NASA's $2.6 Billion Lunar Economy Mission

Redwire Corporation RDW shares are trading higher on Wednesday. On Tuesday, the company disclosed that it had signed a memorandum of understanding (MOU) with ispace technologies-U.S., inc. at the 40th Space Symposium.

The NASA CLPS contract, valued at up to $2.6 billion through 2028, supports the creation of a lunar economy through commercial deliveries of NASA science.

The companies plan to collaborate on commercial lunar exploration and science missions for NASA’s CLPS initiative and other clients.

Notably, Redwire is one of 14 prime contractors, and together with ispace-U.S., will pursue future CLPS missions using the APEX lunar lander.

Mike Gold, President of Civil and International Space at Redwire said, “The combination of Redwire’s advanced digital engineering, integration and testing, and lunar subsystems and payloads with ispace’s proven lunar landing platform and mission operations creates a world-class team to support the future of humanity’s operations on the lunar surface and beyond.”

Elizabeth Kryst, CEO of ispace-U.S added, “With significant heritage from the previous ispace lunar missions, as well as its growing footprint in the United States, ispace-U.S. is uniquely positioned to instill confidence in pursuing future commercial lunar exploration and science missions to help build a cis-lunar economy,”

Last month, Redwire won a NASA contract to launch four additional pharmaceutical drug investigations to the International Space Station using the company’s innovative Pharmaceutical In-space Laboratory (PIL-BOX).

Investors can gain exposure to the stock via Global X Cybersecurity ETF BUG.

Price Action: RDWR shares are up 29.60% to $9.89 at the last check on Wednesday.

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