Redwire Reports First Quarter Net Loss of $17.3 Million

by Douglas Messier
Managing Editor

JACKSONVILLE, Fla. — Redwire reported a first quarter net loss of $17.3 million on revenues of $32.9 million. The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss was $4.7 million for the quarter.

“Delays in contract awards, macroeconomic challenges, including inflation and supply chain delays in contractor start dates had a negative impact on performance,” the company said in a statement.

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AE Industrial Partners Reaches a Definitive Agreement to Acquire a Significant Stake in Firefly Aerospace, a Leading Provider of Launch and In-Space Vehicles

Definitive Agreement on Acquisition by U.S.-based Investment Firm will Fuel Firefly’s Continued Journey as a Leader in End-to-End Space Transportation

BOCA RATON, Fla., Feb. 24, 2022 (AEI PR) — AE Industrial Partners, LP (“AEI”), a U.S-based private equity firm specializing in aerospace, defense & government services, space, power and utility services, and specialty industrial markets, announced today that it has reached a definitive agreement to acquire a significant stake in Firefly Aerospace (“Firefly” or “the Company”), an emerging leader in economical launch vehicles, spacecraft, and in-space services, from Noosphere Venture Partners LP (“Noosphere”). Transaction closing is subject to the satisfaction of regulatory approvals, including Hart-Scott-Rodino (“HSR”) clearance. Other terms of the transaction were not disclosed.

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The Edge of the Cloud is Now in Space

Lonestar successfully completes data storage and edge processing test as part of the first ever software defined payload sent to the International Space Station

St. Petersburg, Fla., February 3, 2022 (Lonestar Data Holdings PR) — Lonestar Data Holdings Inc. (Lonestar) announces the first ever software defined payload sent to the International Space Station (ISS) enabling successful data storage and edge processing tests on the ISS. 

The first software defined payload was sent to the ISS December 17th 2021. Crucially, it leveraged existing hardware on the ISS retasking an existing computer server on board to become an edge of network node. The server was reconfigured to launch a Canonical Ubuntu virtual machine that stored data and ran an application that blockchained the results, which were sent back to Earth.  

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A Closer Look at Blue Origin’s Orbital Reef Commercial Space Station

Orbital Reef commercial space station (Credit: Orbital Reef)

NASA has released the selection statement that lays out the space agency’s reasoning for awarding Nanoracks, Blue Origin and Northrop Grumman a total of $415.6 million to develop plans for private space stations under the Commercial LEO Destinations (CLD) program. The facilities are designed to maintain a permanent U.S. presence in Earth orbit when the International Space Station (ISS) is retired in 2030.

In this story, we’ll look at the Blue Origin’s Orbital Reef station. The project summary is drawn from publicly available information. Excerpts from the selection statement follow. Long paragraphs in the latter have been broken up to improve readability. Acronyms have been spelled out for the sake of clarity.

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Five Space Station Research Results Contributing to Deep Space Exploration

European Space Agency astronaut Alexander Gerst works on the MICS experiment aboard the International Space Station. Observations of how cement reacts in space during the hardening process may help engineers better understand its microstructure and material properties, which could improve cement processing techniques on Earth and lead to the design of safe, lightweight space habitats. (Credits: NASA)

HOUSTON (NASA PR) — More than 3,000 experiments have been conducted aboard the  International Space Station during the 21 years humans have been living and working in space. These experiments have provided insights helping improve life back on Earth and explore farther into the solar system. Researchers have shared these results in thousands of scientific publications.

Over the past few months, scientists shared the outcomes of space station studies that could help us recover more water from life support systems, construct Moon bases, grow plants in space, and more.

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Redwire Will Launch Super Alloy Manufacturing Technology and Plant Science Experiments to Space Station Aboard SpaceX’s 24th Cargo Resupply Mission

Preflight imagery of the Turbine SCM device, which will test processing heat resistant alloy parts in microgravity. (Credits: Redwire Space)

JACKSONVILLE, Fla. (Redwire PR) — Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, is launching four payloads on SpaceX’s 24th cargo resupply services (CRS) mission for NASA to the International Space Station (ISS) focused on advanced materials manufacturing and plant science experiments in low-Earth orbit. SpaceX CRS-24 mission is scheduled to lift off on Tuesday, December 21 at 5:06 a.m. EST from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.

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Experiments Riding 24th SpaceX Cargo Mission to Space Station Study Bioprinting, Crystallization, Laundry

ESA astronaut Matthias Maurer is shown during preflight training for the BioPrint First Aid investigation, which tests a bioprinted tissue patch for enhanced wound healing. (Credits: ESA)

KENNEDY SPACE CENTER, Fla. (NASA PR) — The 24thSpaceX cargo resupply services mission, targeted to launch in late December from NASA’s Kennedy Space Center in Florida, carries scientific research and technology demonstrations to the International Space Station. The experiments aboard include studies of bioprinting, crystallization of monoclonal antibodies, changes in immune function, plant gene expression changes, laundering clothes in space, processing alloys, and student citizen science projects.

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NASA Selects Orbital Reef to Develop International Space Station Replacement

Orbital Reef commercial space station (Credit: Orbital Reef)

Louisville, Colo., December 2, 2021 (Sierra Space PR) — Orbital Reef, led by partners Blue Origin and Sierra Space, was selected today by NASA for a funded Space Act Agreement for collaboration to design a commercially owned and operated space station in low Earth orbit (LEO). NASA’s Commercial LEO Development program aims to shift NASA’s research and exploration activities in LEO to commercial space stations, helping stimulate a growing space economy before the International Space Station is retired. The Orbital Reef team includes  BoeingRedwire SpaceGenesis Engineering Solutions, and Arizona State University.

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NASA Selects Blue Origin, Nanoracks and Northrop Grumman to Develop Commercial Destinations in Space

Northrop Grumman’s free flyer commercial destination design leverages flight proven elements to provide the base module for extended capabilities including science, tourism, industrial experimentation, and building of infrastructure beyond initial design. (Credits: Northrop Grumman)

WASHINGTON (NASA PR) — NASA has signed agreements with three U.S. companies to develop designs of space stations and other commercial destinations in space. The agreements are part of the agency’s efforts to enable a robust, American-led commercial economy in low-Earth orbit.

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Orbital Reef Commercial Space Station Promotional Video

Video Caption: Blue Origin and Sierra Space have announced plans for Orbital Reef, a commercially developed, owned, and operated space station to be built in low Earth orbit. The station will open the next chapter of human space exploration and development by facilitating the growth of a vibrant ecosystem and business model for the future. Orbital Reef is backed by space industry leaders and teammates including Boeing, Redwire Space, Genesis Engineering Solutions, and Arizona State University.

Designed to open multiple new markets in space, Orbital Reef will provide anyone with the opportunity to establish their own address on orbit. This unique destination will offer research, industrial, international, and commercial customers the cost competitive end-to-end services they need including space transportation and logistics, space habitation, equipment accommodation, and operations including onboard crew. The station will start operating in the second half of this decade.

Learn more at OrbitalReef.com

NASA Awards $500,000 in Break the Ice Lunar Challenge

HUNTSVILLE, Ala. (NASA PR) — As NASA prepares to go to the Moon with the Artemis program, in-situ resource utilization is paramount, and there is no hotter commodity than water. To that effect, 13 teams from across the United States have won a share of a $500,000 prize in a competition that asked for ideas for digging and hauling icy Moon “dirt” – or regolith.

NASA’s Break the Ice Lunar Challenge opened in November 2020, incentivizing new approaches for excavating resources astronauts will need during long-duration missions on the Moon. Water, one of the most important resources, is trapped in icy regolith at the Moon’s poles, inside permanently dark and cold craters.

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Genesis Park Acquisition Corp, Redwire Move Forward on Going Public

JACKSONVILLE, Fla. and HOUSTON, Aug. 11, 2021 (Genesis Park Acquisition Corp. PR) — Genesis Park Acquisition Corp. (NYSE: GNPK) (“Genesis Park”), a publicly traded special purpose acquisition company, announced today that the U.S. Securities and Exchange Commission (“SEC”) has declared effective its registration statement on Form S-4 (File No. 333-257710), which includes Genesis Park’s definitive proxy statement/prospectus in connection with Genesis Park’s Extraordinary General Meeting of shareholders relating to the previously announced business combination (the “Business Combination”) with Redwire.

The Extraordinary General Meeting of Genesis Park’s shareholders will be held at 10:00 a.m. Eastern Time on September 1, 2021 in connection with the Business Combination. The proxy statement/prospectus is being mailed to the Company’s shareholders of record as of the close of business on August 2, 2021 (the “Record Date”).

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Dean Bellamy Joins Redwire as Executive Vice President of National Security Space

Dean Bellamy (Credit: Redwire)

JACKSONVILLE, Fla., May 19, 2021 (Redwire PR) – Redwire, a new leader in mission critical space solutions and high reliability components for the next generation space economy, announced today the hiring of Colonel Dean Bellamy, USAF, Ret., as its Executive Vice President of National Security Space, effective May 10, 2021.

Col. Bellamy comes to Redwire from national security technology company Peraton, where he was Vice President of Space Strategies and Development. In that position, he produced long-range strategies to help Peraton meet its space portfolio’s objectives, and drew on his expert knowledge of program management, leadership and satellite operations developed through his years of service in the military. In addition to developing these strategies, Col. Bellamy took an active role in their implementation.

As Redwire’s Executive Vice President of National Security Space, Col. Bellamy will bring his experience and expertise in strategic planning and program management in both the private sector and as a military officer to set and achieve new space development goals while meeting the needs of Redwire’s national security customers.

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Sierra Space Signs in-space Manufacturing Agreement with Red Wire

Redwire Agreement Explores Untapped Opportunities for In-Space Manufacturing & Production Marketplace

LOUISVILLE, Colo., May 19, 2021 (Sierra Space PR) – Sierra Space, the new commercial space subsidiary of global aerospace and national security leader Sierra Nevada Corporation (SNC), today announced the signing of a joint agreement with Redwire aimed at leveraging Sierra Space capabilities for a range of in-space services and manufacturing. The memorandum of understanding (“MOU”) in the emerging In-Space Manufacturing (ISM) industry is among new commercial agreements for Sierra Space across multiple industries – including space-enabled manufacturing, biopharma research, on-orbit satellite servicing assembly and manufacturing, and microgravity research. SNC announced earlier this month the transition of its space business to Sierra Space, a new commercial space company.

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