Overview
- Redwire shares, which jumped 15.71% to close at $11.93 Wednesday, slipped Thursday and were down 3.98% to $9.64 Friday afternoon in a rapid swing after the news-fueled pop.
- A multi-year deal made Redwire the Washington Commanders’ Proud Drone Technology Partner, a marketing pact built around in-stadium programs and community events that honor U.S. service members and their families.
- Short interest rose to 29.48 million shares, or 25.99% of the float, a level that can speed rallies on headlines and deepen selloffs when buyers step back.
- Investors also pointed to the U.S. Air Force’s fiscal 2027 request of $338.8 billion, including $71.1 billion for the Space Force with big increases for satellite communications, missile defense, and space control, which some reports say could expand opportunities for suppliers like Redwire.
- Recent defense moves frame the story: Redwire bought Edge Autonomy last year and this month reported a $20 million follow-on U.S. Marine Corps order for its Stalker Block 30 drone, designed to navigate long-range missions where GPS can be jammed.