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Redwire Corporation RDW is trending Tuesday after a busy start to the week, with the company opening a new research facility in Indiana and announcing a major manufacturing expansion in Huntsville, Alabama.
- Redwire stock is showing exceptional strength. Why are RDW shares rallying?
Redwire Expands Microgravity Innovation in Indiana
Redwire opened a new 30,000 square foot vertically integrated research and microgravity payload development facility in Georgetown, Indiana, with a focus on pharmaceutical and biotech innovation. The facility, located at the Novaparke Innovation & Technology Campus, includes advanced engineering and scientific laboratories along with Redwire’s own Payload Operations Control Center, which oversees all science and research operations on the International Space Station in real time. The site also serves as a key operational hub for Space Microgravity Development LLC, Redwire’s venture company focused on microgravity-driven biotech innovation.
The company marked the opening with a ribbon-cutting ceremony on July 20, attended by Indiana Governor Mike Braun, Redwire Chairman and CEO Peter Cannito, and several former NASA astronauts.
“The new Georgetown facility serves as the cornerstone of Redwire’s ability to scale, support major programs around the world, and help shape the expanding orbital economy that will drive the future of space development while benefiting millions here on Earth,” said Mike Gold, President of Redwire Space.
Redwire Expands Huntsville Campus, Adds 150 Jobs
Separately, Redwire announced a major expansion of its Huntsville, Alabama campus, adding 164,000 square feet to its operational footprint to scale production of combat-proven Stalker UAS, Octopus gimbal payloads, and other space and defense capabilities. Supported by approximately $8.5 million in state and local economic development incentives, the expansion is expected to create approximately 150 new high-skilled jobs, with construction already underway and completion targeted for the fourth quarter of 2027.
“Huntsville is one of the fastest growing technology hubs in the United States, uniquely positioned at the intersection of America’s space and defense industries, which makes it the ideal location to expand our capabilities and strengthen America’s industrial base,” said Cannito.
Redwire Shares Rise
RDW Price Action: At the time of publication, Redwire shares are trading 2.68% higher at $8.83, according to data from Benzinga Pro.
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This article Redwire Trending as Company Opens New Research Hub, Expands Alabama Manufacturing Footprint originally appeared on Benzinga.com.
