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The Wings — Satellite Structures, Solar & Deployables · The Orbital Stack — Space

RDW

Redwire Corporation
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US prime for roll-out solar arrays, VLEO platforms, lunar power infrastructure — plus a tactical-drone arm

What they do

Q1 2026 revenue $96.97M (+57.9% YoY); record backlog $498.1M (+71% YoY) ; book-to-bill 1.92. Selected as one of 14 vendors on the US Space Systems Command Andromeda IDIQ — originally $1.8B over 10 years for geosynchronous space-domain-awareness spacecraft, with target shared ceiling raised to more than $6 billion . Gross margin jumped to 26.6% from 14.7%. FY26 revenue guidance $450–500M (~42% growth midpoint). Other lines: SabreSat VLEO platform ($44M DARPA Otter Phase 2), Eclipse Prime lunar surface infrastructure, IBDM on The Exploration Company's Nyx, 11 active payload facilities on the ISS . Edge Autonomy delivered 100+ Stalker/Penguin drones across seven countries since June 2025, including US Army LRR. Truist initiated with a Buy in May 2026.