Search Everything in One Place

Explore the web, images, videos, news, and more – all in one place.

Finance

Redwire to expand Alabama manufacturing campus, add 150 jobs

Redwire to expand Alabama manufacturing campus, add 150 jobs
Redwire to expand Alabama manufacturing campus, add 150 jobs

Redwire (RDW) said it will expand its Huntsville, Alabama, campus by 164,000 square feet (0.02 square kilometers), increasing manufacturing and engineering capacity for aerospace and defense products. The expansion was announced during the Farnborough International Airshow, where aerospace and defense companies traditionally unveil new products, pa...

Redwire (RDW) said it will expand its Huntsville, Alabama, campus by 164,000 square feet (0.02 square kilometers), increasing manufacturing and engineering capacity for aerospace and defense products.

The expansion was announced during the Farnborough International Airshow, where aerospace and defense companies traditionally unveil new products, partnerships and investment plans. For investors, the biennial event is an important gauge of industry demand, manufacturing expansion and defense spending trends as companies position themselves for future growth.

Expansion targets defense and space production

Redwire said the larger campus will support production of its Stalker unmanned aircraft systems, Octopus gimbal payloads, advanced energy systems and space technologies used in commercial and national security programs.

The company said construction has already begun and expects the project to be completed by the fourth quarter of 2027.

The expansion will increase Redwire's (RDW) manufacturing and engineering footprint in Huntsville, a city that has become a major hub for the U.S. aerospace and defense industry.

Incentives support project

The project is supported by about $8.5 million in eligible state and local economic development incentives, according to Redwire.

The company expects the expansion to create about 150 jobs in engineering, manufacturing, systems integration and technical operations.

Redwire (RDW) said the additional capacity is intended to strengthen domestic production and supply chains for aerospace and defense technologies. It did not disclose the total cost of the expansion beyond the public incentive package.

Read full story on Seeking Alpha

Related News

More stories you might be interested in.

Jamie Dimon says he has seen the numbers and SpaceX’s orbital data centers ‘could actually work’ despite technical, valuation risks
Benzinga·18 hours ago

Jamie Dimon says he has seen the numbers and SpaceX’s orbital data centers ‘could actually work’ despite technical, valuation risks

JPMorgan Chase & Co. JPM CEO Jamie Dimon on Monday called Starlink an "extraordinary product" and said SpaceX’s SPCX plan to build artificial-intelligence data centers in orbit could work, offering a prominent Wall Street endorsement as the newly public company’s shares hover near their IPO price. Dimon Sees Orbital Computing’s Economic Potential Speaking on "The Master Investor Podcast with Wilfred Frost,” Dimon called SpaceX "an extraordinary...

BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition
Reuters·18 hours ago

BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition

July 21 (Reuters) - A consortium backed by BlackRock and Abu Dhabi-based fund MGX said on Tuesday it has committed an additional $5 billion in growth capital to Aligned Data Centers after closing its $40 billion acquisition of one of the world's biggest data center operators. The investor group agreed last year to buy Aligned from Australian asset manager Macquarie Asset Management, as it seeks

Top