Redwire Corporation

Сильный индекс, без изменений. Быки крепко уверены в своих позициях.

Strong index, flat. The bulls are very confident in their positions.

Сильный индекс, незначительно вырос. Рынок на стороне быков.

Strong index, slightly up. The market is on the bulls' side.

Средний индекс, значительно вырос. Приток средств в лонги резко увеличился и находится на высоком уровне.

Medium index, significantly up. The inflow of funds into longs has increased sharply and is at a high level.

Key Points
Redwire’s record Q2, with revenue up about 90% and a $542 million backlog, was driven mainly by its defense business.
Meanwhile, Rocket Lab pushed its Neutron rocket’s first launch out to 2027, and its stock has dropped more than 20%.
Both companies carry execution risk -- Redwire needs to turn growth into profits and Rocket Lab needs to get Neutron flying.
Rocket Lab (NASDAQ: RKLB) just pushed the first launch of its Neutron rocket to 2027, and the stock has dropped more than 20%. But the company has grown beyond rocket launches to become a broader space technology company.
Could Redwire (NYSE: RDW) follow a similar path? With its space infrastructure business expanding and defense technology gaining traction, Redwire is benefiting from several growth drivers. The big question now is whether it has what it takes to become the next Rocket Lab.
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Redwire is becoming a major space infrastructure company
Redwire supplies the technology that enables space missions, including solar arrays, spacecraft components, and microgravity research systems. It also expanded into surveillance and autonomous defense.
Notably, Redwire's core space business plays a key role in the industry's next phase. For example, its Roll-Out Solar Array (ROSA) technology provides deployable solar power for spacecraft and orbital infrastructure. In fact, the company announced that the final pair of its ROSA wings launched to the International Space Station, helping it complete a major power modernization effort.
That gives Redwire exposure to several long-term trends at once: the commercial space market, government space programs, and rising defense spending. But the bigger opportunity now is that Redwire could evolve from a specialized supplier into a broader aerospace and defense technology business, opening more avenues for growth.
Defense adds another growth engine to Redwire's business
Redwire's acquisition of Edge Autonomy helped transform it into a more diversified defense company. The deal brought uncrewed aerial systems into its portfolio, including the Stalker and Penguin platforms. These systems are designed to support intelligence, surveillance, and reconnaissance missions, areas where the military is strengthening its autonomous capabilities.
Redwire also announced additional orders for the Stalker drone for the U.S. National Guard. On top of that, it was selected for the Space Systems Command's $980 million NITE-STAR contract, creating opportunities to compete for future work.
Meanwhile, the company's growing backlog is proof that it can already win contracts and offer better revenue visibility. In its second-quarter results, the company reported record revenue and a record contracted backlog, indicating more signed work is awaiting delivery.
Revenue rose around 90% year over year to $117.1 million, while contracted backlog reached $542.1 million. Management reiterated its full-year revenue guidance of $450 million to $500 million.
Redwire's solid Q2 results were driven by its expanding defense business, supported by demand for Stalker and Penguin drones and higher production volumes. New military contracts and follow-on awards helped push bookings above revenue; in fact, defense was the key driver of growth. That raises a fair question: How much of that growth is already priced into the stock?
Is Redwire stock a buy at its current valuation?
Wall Street remains bullish on Redwire, with a consensus of 11 analysts rating it a Moderate Buy. Their price targets, meanwhile, suggest potential upside of up to 851% over the next year.
But with the stock trading at over 6.3 times sales, buyers are paying a premium for the company's growth potential. Plus, its expanding defense business and record backlog help justify that optimism. By comparison, Rocket Lab trades at about 50 times sales.
Still, Redwire must deal with execution risk. Space programs can face delays, cost overruns, and contract changes. Competition from more established contractors and other space companies could also put pressure on margins. That's why Redwire's diversification makes its investment case more resilient. If one part of the space market slows down, other areas may provide another source of demand.
Rocket Lab faces its own execution risk, too. The company hasn't given a specific launch date for Neutron, and a longer delay could keep pressure on the stock.
Ultimately, becoming the next Rocket Lab will require more than just winning new contracts. The real test is whether Redwire can turn its growth into sustainable profits and cash flow. For investors willing to take on that risk, Redwire is a space stock certainly worth watching.
Should you buy stock in Redwire right now?
Before you buy stock in Redwire, consider this:
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Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy.
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Could Redwire Be the Next Rocket Lab?

Key Points
Firefly Aerospace is rapidly scaling its launch and lunar capabilities with a significant backlog exceeding $1.4 billion.
Redwire offers a diversified revenue stream by providing critical infrastructure for national security, civil, and commercial space missions.
Which space-tech contender is the better fit for your long-term growth strategy?
The final frontier is becoming a crowded market for retail investors. Choosing between Firefly Aerospace (NASDAQ:FLY) and Redwire Corp (NYSE:RDW) requires understanding their distinct roles in the burgeoning space economy.
Firefly focuses on end-to-end space transportation, including rocket launches and lunar landers. Redwire builds the critical infrastructure and autonomous systems that power satellites and space stations. While both operate in the same orbit, their financial paths and technical specialties set them apart for long-term investors.
The case for Firefly Aerospace
Firefly Aerospace provides launch services and lunar landers for national security and commercial missions. It serves major entities like NASA and the U.S. Space Force, alongside industrial partners such as Lockheed Martin Corp (NYSE:LMT). A recent $100 million NASA contract highlights a significant customer concentration, which adds a layer of risk to the business.
In FY 2025, revenue reached nearly $160 million, representing growth of roughly 163% compared to the previous year. This massive surge in revenue reflects the scaling of its launch operations. Despite this top-line growth, the company reported a net loss of close to $298 million for the period.
As of its December 2025 balance sheet, the company maintained a healthy current ratio of nearly 4.5x. This metric measures the ability to cover short-term bills with current assets. The debt-to-equity ratio, which compares total debt to what shareholders own, was approximately 0.3x. Free cash flow was negative at nearly $237.8 million, representing cash from operations minus capital expenditures for these defense stocks.
The case for Redwire Corp
Redwire functions as an infrastructure provider for the space industry, offering everything from solar arrays to autonomous docking systems. Its revenue is diversified across national security, civil, and commercial sectors. The company maintains deep relationships with the U.S. Space Force and NASA while also partnering with pharmaceutical giants for microgravity research.
In FY 2025, Redwire reported revenue of approximately $335 million, which is an increase of more than 10% over the prior year. While its growth is slower than its peer, it operates at a larger absolute scale. The company recorded a net loss of close to $227 million for the fiscal period.
As of the December 2025 balance sheet, its current ratio stood at roughly 1.6x. This indicates the company has enough assets to meet its immediate financial obligations. Its debt-to-equity ratio was approximately 0.2x, suggesting a relatively conservative use of debt. Free cash flow for the period was negative $190.8 million, reflecting the heavy investment required for space infrastructure development.
Risk profile comparison
Firefly Aerospace faces significant operational hurdles, particularly regarding launch delays and mission failures. The company recently experienced test-stand damage during its Alpha Flight 7 testing, illustrating the physical risks of the rocket business. It also relies heavily on government budget cycles and funding appropriations. If national security priorities shift, its substantial backlog could be at risk. Furthermore, its history of operating losses means it may eventually need to raise more capital to maintain liquidity.
Redwire deals with the complexities of integrating recent acquisitions, such as Edge Autonomy, which can disrupt existing operations. The company has previously identified material weaknesses in its internal control over financial reporting. This creates uncertainty regarding the accuracy of its financial disclosures. It also faces intense competition from much larger, better funded incumbents like Northrop Grumman Corp (NYSE:NOC). Geopolitical conflicts and international trade regulations also pose constant compliance risks for its global hardware business.
Valuation comparison
Redwire currently trades at a significantly lower sales multiple than Firefly, though Firefly offers much faster year-over-year revenue growth.
Metric
Firefly Aerospace
Redwire
Forward P/E
23.0x
n/a
P/S ratio
13.3x
6.0x
Valuation metrics include sourcing from Financial Modeling Prep (FMP) and may differ from other data providers.
The Forward P/E is a metric that compares the current stock price to future earnings estimates. The P/S ratio measures the market value of a company compared to its sales over the past twelve months.
Which stock would I buy in 2026?
This past April, Redwire was selected as one of 14 vendors (out of a total of 32 bids) on the Space Systems Command $1.8 billion 10-year Andromeda Indefinite Delivery Indefinite Quantity, or IDIQ contract. That's a project to replace aging GPS satellites and upgrade the U.S. space infrastructure to counter emerging threats.
The IDIQ win is something management feels moves Redwire 'up the food chain' with the Department of Defense. It could mean significantly more revenue, since U.S. Space Systems Command provided a notice of its intent to raise the total shared ceiling for the Andromeda IDIQ to more than $6 billion to meet increased demand.
In the near term, Redwire expects fiscal 2026 revenue to come in at around $475 million, representing about 40% growth over the prior year. In addition, the business has an order backlog of $498 million. The business is still expected to post net losses for the foreseeable future, but they are trending in the right direction.
Turning to Firefly Aerospace, note that it came to market in an initial public offering a little more than a year ago at $45 a share. Shares have spent much of the past year below that mark, reflecting typical post-IPO volatility.
More important is the company's recent business success. Firefly Aerospace is the only private company to achieve a successful lunar landing, doing so in March 2025 with its Blue Ghost Mission I. The success of that effort has ingratiated Firefly with NASA, which sent 10 payloads to the Moon with last year's mission. The company now plans annual missions to the Moon to deliver payloads for NASA as part of the agency's goal of constructing a permanent lunar base. Exciting stuff, and considering the attention the Space Exploration Technologies (NASDAQ:SPCX) IPO has been bringing to space businesses, that can only be another positive for Firefly.
While future projections are inherently speculative, Wall Street analysts expect Firefly to top $440 million this year and reach $1 billion in annual revenue in its fiscal 2028.
Both of these companies are young, exciting companies in the space industry. Their connection with the federal government suggests each could sustain a profitable long-term business model. Given that Firefly is still getting its legs under it as a public company, we like the opportunity to enter shares at a steep discount to its IPO price. Firefly gets the nod here.
Should you buy stock in Firefly Aerospace right now?
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Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Firefly Aerospace and Lockheed Martin. The Motley Fool recommends Northrop Grumman. The Motley Fool has a disclosure policy.

Firefly Aerospace vs. Redwire: Which U.S. Space Stock Is a Better Buy in 2026?

Key Points
Redwire is expanding into defense technology and commercial space manufacturing at its Huntsville campus.
Rocket Lab's Neutron rocket, targeting a 2027 launch, could dramatically expand its addressable market.
Between the two, Redwire offers the steadier bet, while Rocket Lab carries a higher risk tied to Neutron.
The space industry is taking off, and while Space Exploration Technologies (also known as SpaceX) grabs most of the headlines, companies like Redwire (NYSE: RDW) and Rocket Lab (NASDAQ: RKLB) offer different ways to play the same boom.
And as the industry keeps growing rapidly, these two stocks could have what it takes to double by 2027, no SpaceX position required.
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Redwire is betting on everything the space economy needs
Redwire isn't trying to be the next SpaceX, and that's what makes the stock so interesting right now. Instead of betting everything on rockets, Redwire is building the technology and infrastructure that governments and defense customers need. Think of it as a pick-and-shovel business for the space economy.
Its portfolio spans spacecraft platforms, satellite components, and power systems, all of which are becoming increasingly important as the U.S. and its allies invest in space infrastructure to strengthen national security.
Satellites aren't just used for monitoring the weather or communications anymore. Governments are using them for intelligence, surveillance, and military operations, and Redwire is positioned directly in the middle of all that spending.
Its expansion into defense technology, including autonomous systems and counter-drone technology, gives investors exposure to something more than just commercial space launches. The company also announced a major expansion of its Huntsville campus, adding 164,000 square feet of manufacturing and engineering capacity for space infrastructure and defense systems.
But at the same time, Redwire still has exposure to the commercial side of the space industry. For example, its work in microgravity research is important to its SpaceMD business. In fact, the company announced its first commercial SpaceMD mission on SpaceX's Starfall spacecraft, aimed at scaling pharmaceutical development in space.
As Redwire bets on the infrastructure for the growing space economy, another company is taking it a step further.
Rocket Lab is building more than a rocket company
Rocket Lab is a different investment case. If Redwire is the infrastructure play, Rocket Lab is trying to become one of the companies that run multiple layers of space infrastructure. It all started with Electron, its small rocket, but over time, the company has built a much broader business around it, spanning spacecraft, satellite components, and defense technology.
These days, Rocket Lab has been winning business to build satellites for the U.S. government, including a major Space Force program designed to detect and track airborne threats from space. It has also won contracts to build geostationary satellites for the U.S. government.
Then there's Neutron, arguably the most important piece of the 2027 bull case. Neutron is the company's attempt to enter a much larger segment of the launch market with a reusable medium-lift rocket. The company is targeting its first Neutron launch within the next 12 months, and recent updates show that first-flight hardware is progressing toward launch-pad delivery. If Neutron works, Rocket Lab's total addressable market changes dramatically.
But the biggest recent development may actually be Iridium. Rocket Lab agreed to acquire Iridium, a major satellite communications company, and has since completed the financing required for the cash portion of the transaction. The deal is expected to close in mid-2027, subject to regulatory approvals.
Together, Redwire and Rocket Lab are two different ways to bet on the same story: Space is becoming a real, fast-growing industry.
The space boom has more room to grow
Investors don't need to own SpaceX to bet on the next phase of the space boom. Redwire and Rocket Lab offer unique ways to play it. Could either double in 2027? It's certainly possible.
For investors who want the steadier of the two plays, Redwire is the pick, as its diversified defense and infrastructure business doesn't hinge on any single catalyst. Rocket Lab is the higher-risk, higher-reward option, since the bull case depends heavily on Neutron actually flying and the Iridium acquisition closing and integrating smoothly.
Either way, as space and defense spending keep growing worldwide, SpaceX isn't the only name in town, and these two could be some of the best positioned to double by 2027.
Should you buy stock in Redwire right now?
Before you buy stock in Redwire, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Redwire wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $389,154!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,406,303!*
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*Stock Advisor returns as of September 23, 2026.
Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy.

2 Space Stocks That Could Double in 2027 (Hint: Neither of Them Is SpaceX)

Redwire Corporation RDW is expanding its space infrastructure capabilities through autonomous spacecraft docking technology. The company has developed the International Berthing and Docking Mechanism (“IBDM”), a fully computer-controlled system designed to support autonomous rendezvous and docking between spacecraft. The technology adds a specialized capability to Redwire’s space infrastructure portfolio.
The IBDM is designed for use on both large-mass and lightweight spacecraft, giving the system flexibility across different mission requirements. Its alignment with the international docking system standard also allows it to support multiple types of spacecraft and mission architectures. This broad applicability could help Redwire address demand for increasingly autonomous space operations.
The docking system can support crewed vehicles, cargo vehicles and station modules while also enabling resource transfer through automated umbilical mating. These capabilities expand the potential applications of the technology beyond conventional spacecraft docking. Redwire’s focus on autonomous rendezvous and docking also complements its broader work in space infrastructure and advanced spacecraft systems.
Redwire’s IBDM capabilities could create opportunities as spacecraft operations become more dependent on autonomous systems. The company’s docking technology provides a specialized infrastructure component for missions requiring spacecraft to rendezvous, connect and transfer resources without relying entirely on manual operations. This gives Redwire another avenue to participate in the development of future space infrastructure.
Companies Developing Autonomous Space Docking Systems
The expansion of in-space infrastructure is creating opportunities for companies developing autonomous rendezvous and docking technologies. Northrop Grumman Corporation NOC and MDA Space Ltd. MDA are also involved in spacecraft docking and in-space servicing technologies.
Northrop Grumman develops spacecraft and in-space systems that support autonomous rendezvous and docking operations.
MDA Space develops spacecraft docking technologies and systems designed to enable rendezvous, capture and docking operations in space.
Earnings Estimates for RDW Stock
The Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 57.32% and 40%, respectively.
RDW Stock Is Trading at a Premium
Redwire is trading at a premium relative to the industry, with a forward 12-month price-to-sales of 5.43X compared with the industry average of 2.25X.
RDW Stock Price Performance
Over the past six months, RDW shares have risen 23.9% against the industry’s 10.7% fall.
RDW’s Zacks Rank
Redwire currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Can Redwire's Docking Technology Unlock New Growth Opportunities?

Key Points
Boeing is navigating a recovery phase with nearly $90 billion in revenue and a return to net profitability in FY 2025.
Redwire provides critical space infrastructure with a 10%-plus revenue growth rate and a strong footprint in national security contracts.
Which aerospace stock deserves a spot in your portfolio?
The aerospace market is evolving as legacy giants face nimble newcomers. Choosing between the industrial scale of The Boeing Co (NYSE:BA) and the specialized technology of Redwire Corp (NYSE:RDW) depends on your appetite for risk.
Boeing remains a global titan in commercial aviation and defense, while Redwire focuses on space infrastructure and autonomous systems. While both operate in the aerospace sector, they cater to different ends of the market. Investors often compare them to decide between established recovery plays and high-growth space ventures.
The case for Boeing Co
Boeing develops, manufactures, and services commercial airplanes, defense products, and space systems. It derives a significant portion of its revenue from a limited number of commercial airline customers and the U.S. government. Boeing is a titan in the commercial aviation and defense stocks arena. Customer concentration like this adds a layer of risk to the business.
In FY 2025, revenue reached about $89.5 billion, representing a 34.5% increase over the prior year. The company reported a net income of approximately $2.2 billion, a significant improvement from the previous year. This recovery reflects a net margin of close to 2.5% as production rates stabilized.
As of its December 2025 balance sheet, the debt-to-equity ratio was approximately 10x. This metric compares total debt to shareholder equity, indicating the company uses significant leverage to fund its operations. Free cash flow, which is cash from operations minus capital expenditures, was about negative $1.9 billion. Note that stock-based compensation (SBC) represented roughly 40% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
The case for Redwire Corp
Redwire is an integrated space technology company focused on aerospace infrastructure and autonomous systems. It serves national security agencies, civil agencies, and commercial space entities. Significant customers include the U.S. Space Force and NASA, while commercial partners include major pharmaceutical firms for microgravity research.
In FY 2025, revenue reached about $335.4 million, reflecting a growth rate of approximately 10%. The company reported a net loss of close to $227 million for the period, almost double the prior year. This resulted in a net margin of roughly negative 68%, as the company continues to invest in its technical capabilities.
As of the December 2025 balance sheet, the current ratio stood at roughly 1.6x, indicating the ability to cover short-term liabilities with current assets. The debt-to-equity ratio was nearly 0.2x, suggesting a conservative level of debt relative to shareholder equity. Free cash flow for the period was approximately negative $191 million, as the company prioritized the integration of new acquisitions.
Risk profile comparison
Boeing faces significant operational risks related to maintaining production health and achieving rate targets for the 737 aircraft. The company is also managing supply chain instability and the complex integration of Spirit AeroSystems. Furthermore, it remains dependent on FAA certification timelines for its 777X program while competing with Airbus (OTC:EADSF).
Redwire deals with risks involving the integration of Edge Autonomy and its relatively limited operating history. Management has identified material weaknesses in internal control over financial reporting, which could impact future audits. The company also faces intense competition from other specialized space firms like Rocket Lab USA Inc (NASDAQ:RKLB) and must comply with stringent export controls.
Valuation comparison
Boeing appears cheaper on a sales basis with a lower price-to-sales multiple, though Redwire lacks the forward earnings estimates needed for a direct P/E comparison.
Forward P/E
52.1x
n/a
P/S ratio
1.7x
4.5x
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?
Boeing is still working to recover from safety and supply chain issues. While revenue will rise about 9% to $97.7 billion this year, the company's net income will fall dramatically to around $85 million, according to consensus Wall Street analyst forecasts, hence its very high forward P/E ratio.
But don't count Boeing out. It is among the largest aerospace and defense companies, giving it excellent long-term prospects due to its leading position in the growing commercial aerospace industry. In the first quarter of its current fiscal year, the order backlog rose in the double digits, setting a new record. Backlogs mean future sales are strong and show the industry believes in the business.
This past April, Redwire was selected as one of 14 vendors (out of a total of 32 bids) on the Space Systems Command $1.8 billion 10-year Andromeda Indefinite Delivery Indefinite Quantity, or IDIQ contract. That's a project to replace aging GPS satellites and upgrade the U.S. space infrastructure to counter emerging threats. The IDIQ win is something management feels moves Redwire 'up the food chain' with the Department of Defense. It could mean significantly more revenue, since U.S. Space Systems Command provided a notice of its intent to raise the total shared ceiling for the Andromeda IDIQ to more than $6 billion to meet increased demand.
In the near-term, Redwire expects fiscal 2026 revenue to come in around $475 million, growth of about 40% over the prior year. In addition, the business has an order backlog of $498 million. The business is still expected to post net losses for the foreseeable future, but they are trending in the right direction.
Redwire is an intriguing business for the space age, especially since management feels it is moving up the food chain with the federal government. Yet Boeing, for all its recent problems, is at the top of the U.S. government food chain or close to it given its importance to the economy generally. At a P/S ratio of 1.7x, well below the typical stock, Boeing looks like an excellent long-term rebound play.
Should you buy stock in Boeing right now?
Before you buy stock in Boeing, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Boeing wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $433,160!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,296,254!*
Now, it’s worth noting Stock Advisor’s total average return is 949% — a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 15, 2026.
Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boeing and Rocket Lab. The Motley Fool has a disclosure policy.

Boeing vs. Redwire: Which Aerospace Stock Is a Better Buy in 2026?

Key Points
AST SpaceMobile is building the first space-based cellular broadband network designed to connect directly to standard smartphones.
Redwire provides a broad range of mission-critical space infrastructure and hardware for government and commercial customers.
Which of these two space-tech players offers the better risk-to-reward balance for your 2026 portfolio?
The space economy is expanding rapidly, leaving many investors wondering which companies will lead the next frontier. Choosing between AST SpaceMobile (NASDAQ:ASTS) and Redwire Corp (NYSE:RDW) requires weighing disruptive potential against established infrastructure.
AST SpaceMobile aims to eliminate global dead zones by connecting standard smartphones to satellites. Redwire operates as a diverse supplier of hardware for satellites and space stations. While both belong to the growing group of communication stocks and aerospace firms, their business models offer very different paths to potential growth.
The case for AST SpaceMobile
AST SpaceMobile builds a space-based cellular broadband network that connects standard, unmodified mobile phones directly from space. The company has secured definitive commercial agreements with major partners like AT&T Corp (NYSE:T), Verizon Communications (NYSE:VZ), and Vodafone Group (NASDAQ:VOD) to provide direct-to-cellular service. Customer concentration like this adds a layer of risk to the business, as revenue depends on a few heavy hitters.
In FY 2025, revenue reached approximately $70.9 million, a substantial jump from the $4.4 million reported in the prior fiscal year. The company reported a net loss of nearly $342 million for the period. While revenue growth is accelerating as the company begins its commercial rollout, profitability remains a distant goal during this build-out phase.This resulted in a net margin of negative 482%, illustrating the high costs associated with launching a satellite constellation before reaching full operational scale.
The current debt-to-equity ratio is roughly 1.2x, showing the company relies more on debt than equity to fund its operations. Based on the December 2025 balance sheet, the so-called current ratio is roughly 16.4x. This indicates a high level of liquid assets relative to near-term liabilities. Free cash flow, which is cash flow from operations minus capital expenditures, was more than negative $1.1 billion for FY 2025, as the firm invested heavily in its proprietary manufacturing and launch capabilities.
The case for Redwire Corp
Redwire develops mission-critical solutions including spacecraft infrastructure, sensors, and autonomous systems. It serves a diverse customer base where national security agencies account for nearly 47% revenue. The company derives a high percentage of revenue from a limited number of customers, with the top two customers accounting for approximately 39% of total revenue in 2025.
In FY 2025, revenue reached approximately $335.4 million, showing a growth of just about 10% from the previous year. The company reported a net loss of nearly $226.6 million. Net margin, which indicates how much of each dollar of revenue remains after all expenses, for the fiscal year ended in December 2025 was rnegative 68%.
As of its December 2025 balance sheet, the debt-to-equity ratio is approximately 0.2x. The so-called current ratio stands at nearly 1.6x, indicating the company has enough assets to cover its immediate liabilities. Free cash flow was roughly around negative $198 million, showing the company is still spending more on capital and operations than it generates in cash.
Risk profile comparison
AST SpaceMobile faces risks related to the developmental nature of its service and potential for delays in satellite production. It competes with well-capitalized entities like Space Exploration Technlogies Corp.'s (NASDAQ:SPCX) Starlink and other satellite operators. The company also faces financial risks including a history of operating losses and uncertainties regarding the pending Ligado transaction.
Redwire relies heavily on U.S. government contracts which are subject to funding volatility and rigorous audits. It faces stiff competition from larger aerospace contractors such as The Boeing Co (NYSE:BA) and Northrop Grumman Corp (NYSE:NOC). Additionally, the company must manage operational complexities from its recent acquisition of Edge Autonomy and address material weaknesses in internal controls.
Valuation comparison
Redwire appears more reasonably priced based on its lower sales multiple, while AST SpaceMobile carries a premium valuation due to its high growth expectations. Neither company has a forward price-to-earnings ratio because they are not anticipated to turn a profit in their coming fiscal years.
Forward P/E
n/a
n/a
P/S ratio
149.3x
4.5x
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?
In April, Redwire was selected as one of 14 vendors (out of a total of 32 bids) on the Space Systems Command $1.8 billion 10-year Andromeda Indefinite Delivery Indefinite Quantity, or IDIQ contract. That's a project to replace aging GPS satellites and upgrade the U.S. space infrastructure to counter emerging threats. The IDIQ win is something management feels moves Redwire 'up the food chain' with the Department of Defense. It could mean significantly more revenue, since U.S. Space Systems Command provided a notice of its intent to raise the total shared ceiling for the Andromeda IDIQ to more than $6 billion to meet increased demand.
In the near-term, Redwire expects fiscal 2026 revenue to come in around $475 million, growth of about 40% over the prior year. In addition, the business has an order backlog of $498 million. The business is still expected to post net losses for the foreseeable future, but they are trending in the right direction.
AST SpaceMobile, meanwhile, expects its space-based network to give it a significant business in a few years. Essentially, AST SpaceMobile is a direct-to-device play to provide full mobile phone compatibility for major carriers without the need for specialized equipment. Many of its potential clients are also equity holders in the company, including AT&T, Verizon, Bell Canada, Rakuten, Vodafone, Alphabet Inc (NASDAQ:GOOGL), American Tower Corp,(NYSE:AMT) and Telus Corp (NYSE:TU).
By the end of 2026, the company should have 45 satellites, which will allow it to fully service the U.S., and that should start to supercharge revenue growth. For fiscal 2026, Wall Street sees $149 million in sales, jumping to $725 million the following year, when the company is projected to turn its first modest profit. Free cash flow appears much more manageable, with analysts expecting positive free cash flow in 2029.
Both of these are exciting stocks for the space infrastructure age that is developing, but Redwire gets the nod for its quite reasonable P/S ratio for investors right now under the adage of buy good companies at good prices.
Should you buy stock in AST SpaceMobile right now?
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AST SpaceMobile vs. Redwire: Which Space Infrastructure Stock Is a Better Buy in 2026?

Redwire Corporation RDW is expanding its microgravity capabilities to support applications beyond traditional space missions. The company is using the unique conditions of microgravity for scientific research, biotechnology and advanced manufacturing, creating opportunities to develop products and services with potential applications on Earth.
Redwire has built a growing microgravity platform with 11 active payload facilities on the International Space Station as of Dec. 31, 2025. Its capabilities support space-based biotechnology, plant and animal science, in-space additive manufacturing and advanced material manufacturing. The company has also launched 42 Pharmaceutical In-space Laboratory – Bio-crystal Optimization eXperiment (PIL-BOX) payloads.
The pharmaceutical application provides an important avenue for further development. Redwire’s PIL-BOX enables pharmaceutical companies and researchers to use microgravity to grow protein crystals and other key molecules. These conditions can produce differentiated properties that are not comparable to products manufactured on Earth. During 2025, Redwire also entered into a licensing agreement with ExesaLibero Pharma, under which it is eligible to receive royalties from commercial sales of resulting pharmaceutical products.
Redwire’s continued investment in microgravity could broaden its commercial opportunity beyond spacecraft and space infrastructure. By combining established payload capabilities with pharmaceutical and advanced-material applications, the company is building a platform that can support research today while potentially creating additional commercial opportunities as products developed through microgravity applications progress toward commercialization.
Companies Advancing Space-Based Research Capabilities
Growing interest in space-based research and advanced manufacturing is encouraging companies to expand technologies that support scientific and commercial applications in microgravity. Bristol Myers Squibb Company BMY and Eli Lilly and Company LLY are also exploring space-based research opportunities that can support pharmaceutical development.
Bristol Myers Squibb has partnered with Redwire on microgravity research, including the use of Redwire’s PIL-BOX platform to study pharmaceutical molecules and crystal growth in space.
Eli Lilly has also partnered with Redwire on PIL-BOX missions, using microgravity conditions to support research involving pharmaceutical molecules and potentially advance drug-development processes.
Earnings Estimates for RDW Stock
The Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 57.32% and 40%, respectively.
RDW Stock Is Trading at a Premium
Redwire is trading at a premium relative to the industry, with a forward 12-month price-to-sales of 4.92X compared with the industry average of 2.29X.
RDW Stock Price Performance
Over the past six months, RDW shares have risen 10% against the industry’s 13.4% fall.
RDW’s Zacks Rank
Redwire currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Can Redwire's Microgravity Platform Expand Commercial Opportunities?

Redwire (NYSE: RDW) is combining rapid defense growth with an ambitious space strategy, but the next phase could depend on cash conversion. If Edge Autonomy helps turn rising backlog into internally generated cash, the company may be able to support more of its expansion without leaning as heavily on new shares.
Stock prices used were the market prices of Aug. 27, 2026. The video was published on Sept. 10, 2026.
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Should you buy stock in Redwire right now?
Before you buy stock in Redwire, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Redwire wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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Redwire Could Be a Big Defense Winner. Here's What Must Happen Next.

Key Points
Redwire's stock surged to $26 per share amid excitement around space stocks, but has since plunged nearly 58%.
The company provides critical components for space exploration and national security.
Redwire's backlog is now over $500 million and has grown for five consecutive quarters.
Redwire (NYSE: RDW) shares surged earlier this year, reaching as high as $26. The pick-and-shovel space and defense company rode the wave of enthusiasm around space stocks amid the initial public offering of Space Exploration Technologies, aka SpaceX, in June.
Since then, the stock has plunged nearly 58% and is priced below $13 per share. Is now a good time for investors to scoop up shares of Redwire?
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Redwire provides critical components for space and national security
Redwire provides space components and subsystems that enable space exploration and research. With modern warfare expanding into orbit, Redwire is also leaning into defense. Modern deterrence and missile tracking rely on satellites and space imaging, and Redwire manufactures the critical hardware that lets them function.
One example is its Roll-Out Solar Arrays (ROSA), which are 20% lighter and use one-quarter of the storage volume of traditional panels. These have become essential for both defense and space exploration.
Maxar contracted Redwire to build two massive 60 kW ROSA wings for NASA's Power and Propulsion Element (PPE), the highest-power roll-out arrays ever manufactured. NASA repurposed this fully integrated PPE bus for its upcoming deep-space flights, and Redwire's hardware will provide electrical power on the 2028 SR-1 Freedom mission to Mars.
Is Redwire stock a buy right now?
Redwire is seeing strong demand growth. Its backlog has multiyear bookings from NASA and the Department of Defense and has surged to over $542 million. This is a 64.5% increase from last year and represents the fifth consecutive quarter of backlog expansion.
That said, the company is expanding and racking up net losses. For example, it has opened a new microgravity facility in Indiana and expanded its Huntsville, Alabama, facility to scale unmanned aircraft systems (UAS) and payload manufacturing.
Redwire has used equity to fund its expansion, including a $500 million at-the-money program to sell stocks from time to time, diluting shareholders in the process. Analysts project net losses in the coming years, making Redwire a risky stock for investors buying today.
Should you buy stock in Redwire right now?
Before you buy stock in Redwire, consider this:
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Should You Buy Redwire While It's Below $13?

Redwire Corporation RDW is expanding its focus on military communications with a strategic investment in next-generation phased-array antenna technology. In August 2026, the company announced the investment to accelerate the development and production of phased-array antenna systems designed for communications across low Earth orbit (LEO), medium Earth orbit (MEO) and geostationary orbit (GEO). The systems are expected to support dynamic beam steering, stronger link reliability and higher data throughput for warfighter communications.
The investment builds on Redwire’s existing radio frequency (RF) capabilities. The company already provides tactical connectivity antennas and RF payloads, including antennas used on the Proliferated Warfighter Space Architecture. Redwire also previously demonstrated a Link-16 signal transmission from space to ground, supporting the exchange of tactical data across military platforms.
Phased-array technology could give RDW another opportunity to participate in the expansion of distributed military satellite networks. Its ability to support multiple orbital environments could broaden the applications of its RF portfolio as defense customers seek communications systems capable of operating across increasingly complex space architectures. Redwire’s RF Systems group also supplies tactical communications and sensing payloads to major aerospace and defense companies, giving the company an established channel for deploying these technologies.
The investment could strengthen Redwire’s position in space-based communications while creating opportunities to expand its role across national security programs. With more than 200 flight antennas already delivered and a major upgrade to its RF flight electronics assembly facilities, RDW is building on an existing technology base rather than entering the market from scratch.
Companies Advancing Phased-Array Defense Communications
Growing demand for resilient military communications is encouraging aerospace and defense companies to advance phased-array technologies for satellite and other contested communications applications. Viasat Inc. VSAT and Northrop Grumman Corporation NOC are also developing capabilities that support secure and resilient communications across defense applications.
Viasat develops active electronically scanned array technologies designed to support multi-band and multi-orbit satellite communications, aligning with the broader push toward flexible and resilient military connectivity.
Northrop Grumman works on SATCOM ground systems and phased-array antenna technologies that assist in military communications, providing another example of how advanced antenna architectures are being integrated into defense networks.
Earnings Estimates for RDW Stock
The Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year growth of 57.32% and 40%, respectively.
RDW Stock Is Trading at a Premium
Redwire is trading at a premium relative to the industry, with a forward 12-month price-to-sales of 4.96X compared with the industry average of 2.36X.
RDW Stock Price Performance
Over the past six months, RDW shares have risen 9.1% against the industry’s 15.1% fall.
Image Source: Zacks Investment Research
RDW’s Zacks Rank
Redwire currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Indicator	Dec 25	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
P/E	0.00	0.00	0.00	—	—	0.00	24.96
Price/Sales	2.40	3.02	—	—	—	3.02	1.40
P/B	1.10	1.55	1.86	—	1.59	1.59	2.35
P/FCF	0.00	0.00	0.00	0.00	—	0.00	18.03

Indicator	Dec 25	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
ROE	0.00	0.00	0.00	—	—	0.00	14.69
ROA	0.00	0.00	0.00	—	—	0.00	6.05
ROI	0.00	0.00	—	—	—	0.00	8.73
Net Worth	0.91	1.65	2.37	—	—	2.37	1.16
Quick Ratio	1.27	1.37	3.48	—	—	3.48	1.16
Current Ratio	1.63	1.75	—	—	—	1.75	1.59

Indicator	Dec 25	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
Net Profit Margin	0.00	0.00	—	—	—	0.00	7.68
Operating Margin	0.00	0.00	0.00	—	—	0.00	10.44
Gross Margin	5.07	9.16	—	—	—	9.16	32.69
Return on tangible equity	—	—	0.00	—	—	0.00	24.78

Indicator	Dec 25	Mar 26	Jun 26	Aug 26	Sep 26	TTM	Median
EPS	—	—	—	-0.09	—	-0.09	0.76
EPS Forecast	—	—	—	-0.18	—	-0.18	0.67
Revenue	109.00M	97.00M	117.00M	—	—	117.00M	187.00M
Gross Profit	10.00M	26.00M	33.00M	—	—	33.00M	—
EBITDA	—	—	—	—	—	-4.00M	—

Redwire Corporation

Recent quarterly and TTM performance

Valuation

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Revenue