- Redwire Corp RDW has secured a contract to deliver 42 high-gain antennas for an undisclosed national security customer for a low-Earth orbit satellite constellation with strong follow-on potential. Financial terms were not disclosed.
- The antennas, which are expected to be delivered over the next 18 months, will enable beyond-line-of-sight communications for the warfighter via a secure tactical network.
- Redwire successfully delivered antennas for the first phase of this constellation earlier this year.
- The company will manufacture the production lot in its recently expanded Longmont, Colorado facility.
- Price Action: RDW shares are trading lower by 6.51% at $4.02 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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