Redwire Corp (NYSE: RDW) shares surge after an eight-figure deal with TEC for 2 docking systems. IBDM to support independent space access in Europe.
Redwire Corp, listed on NYSE under RDW, saw its stock rise after announcing a significant deal with European aerospace company The Exploration Company (TEC). The deal involves Redwire providing two IDSS-compliant docking systems for TEC's Nyx spacecraft. Under this agreement, Redwire's IBDM will facilitate autonomous rendezvous and docking, aiding Europe's efforts in achieving independent space access. The company recently secured a $44 million defense contract as well, showcasing its growth in the industry. For more information, visit Benzinga.com.
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