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.

SAN FRANCISCO, Oct. 15, 2020 (Orbital Sidekick PR) — Orbital Sidekick (OSK) announced today that it has been awarded a $16 million multi-year contract by the Department of the Air Force’s commercial investment group (AFVentures), in conjunction with the Space and Missile Systems Center (SMC) and the Air Force Research Laboratory (AFRL), as part of its Strategic Financing (STRATFI) program.

This award, which is matched by private investment funds, will allow OSK to accelerate the deployment of six advanced hyperspectral imaging (HSI) satellites with edge processing capabilities as well as integrate its Spectral Intelligence Global Monitoring Application (SIGMA™) platform with the USAF Advanced Battle Management System (ABMS).