Redwire (RDW) announced it has been awarded a $12.8 million contract to deliver Extensible Low-Profile Solar Array, ELSA, wings to Moog (MOG.B) (MOG.A). The wings will be integrated with Moog’s METEOR satellite bus in support of a Low Earth Orbit, LEO, mission for an undisclosed national security customer. This marks the first sale of Redwire’s ELSA, a new high-performance, low-mass solar array product. ELSA expands Redwire’s power technology portfolio to support customers with low to medium-power applications across all orbits, including volume production programs with faster delivery timelines.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDW:
- Insiders Shake Up Guardant, Ovintiv, Redwire, Builders FirstSource, Permian
- Redwire Adds National Security Veteran to Board Leadership
- Redwire awarded prime contract by Belgian Defence
- Redwire awarded additional $4M by NASA for ISS drug development investigations
- Redwire Corporation Signals Growth Amid Profit Pressures