Redwire Corp
Redwire Corp is a U.S.-based space and defense technology company that designs and integrates hardware and systems for spacecraft, airborne platforms, and autonomous operations. Its business spans space infrastructure, mission payloads, avionics, sensors, power, structures, RF systems, and uncrewed aircraft systems for government and commercial customers in North America and Europe.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueHardware and systems for spacecraft, missions, and orbital infrastructure.
Autonomous systems and mission solutions for defense and security users.
Customers
Redwire sells to national security, civil space, and commercial customers, often directly or through prime contractors. Its customer base includes U.S. and allied defense agencies, civil space organizations such as NASA and ESA, and commercial space companies that need flight-proven components and integrated systems.
U.S. and allied defense agencies and prime contractors buying space and autonomous systems for secure missions.
Government space organizations buying spacecraft subsystems, payloads, and mission support capabilities.
Satellite and space companies buying components, platforms, and integrated mission solutions.
Defense and security users adopting uncrewed aircraft systems and related autonomy solutions.
Strategy
Redwire’s strategy centers on bundling more integrated offerings across systems, payloads, platforms, and mission solutions. It also uses acquisitions to broaden its technology base and expand into adjacent space and defense markets, including autonomous systems and UAS capabilities.
Integrated solutions can raise contract value and deepen customer relationships.
Acquisitions add products, customers, and market access in adjacent segments.
Automation and digital tools support faster development and more scalable operations.
Geography
Q1/2026Redwire operates from 28 locations across North America and Europe, with a business footprint that serves domestic and international customers. A meaningful share of revenue comes from outside the United States, and the company also has European operations that transact largely in euros, which makes geography important to both demand and currency exposure.
Share of the revenue the company reports by geography.
Risks
Redwire faces execution risk in technically complex markets where product reliability, delivery performance, and customer qualification matter. Its exposure to government budgets, geopolitical conditions, supply chain cybersecurity, tariffs, and the still-developing UAS market can all affect demand and operating results.
- Geopolitical and trade disruptionImpact: HighLikelihood: High
Foreign sales are significant and tariffs, sanctions, and international tensions can affect demand, costs, and production volumes.
Exposure: International customers and European operations
- Goodwill and intangible impairmentImpact: HighLikelihood: High
Acquired businesses and reporting units must be tested for impairment when market conditions weaken.
Exposure: Acquisition-related goodwill and intangibles
- UAS market adoption riskImpact: HighLikelihood: Medium
The company has expanded into uncrewed aircraft systems, but the market is still emerging and customer adoption may be uneven.
Exposure: Edge Autonomy and autonomous systems
- Supply chain cybersecurityImpact: HighLikelihood: Medium
The company relies on a multi-tier supplier network, and breaches could compromise data or customer deliverables.
Exposure: Thousands of direct and indirect suppliers
- Customer concentration and government dependenceImpact: MediumLikelihood: High
A large share of revenue comes from national security and civil agencies, which depend on program timing and budget decisions.
Exposure: U.S. and allied government programs
Accounting
Judgemental itemsAcquisitions can create fair value adjustments to inventory and deferred revenue that flow through cost of sales and revenue timing.
Impact: Comparability across periods
Reporting units acquired in deals must be tested for impairment, and weak market conditions can trigger large non-cash charges.
Impact: Net income and balance sheet carrying values
Private warrant and similar liabilities are remeasured through earnings, creating volatility unrelated to operations.
Impact: Other income/expense and earnings volatility
Space and defense programs may span multiple periods, so contract accounting and milestone timing affect reported revenue.
Impact: Quarterly revenue and margin comparability
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Last updated: 24/09/2026