Redwire Gains on Unveiling Michigan Facility
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Redwire Corporation (NYSE: RDW) has opened a new 85,000-square-foot facility in Ann Arbor, Michigan to increase production of critical fuel cells for its Stalker uncrewed aerial system (UAS). This expansion nearly doubles Redwire’s footprint in Michigan and enhances vertical integration for its subsidiary, Edge Autonomy. The facility will scale production of energy solutions, including battery, filtration, and solid oxide fuel cells. RDW shares rose 1.4% to $5.48 following the announcement.
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