Redwire Stock Surges on European Space Deal

Redwires stock surged by 5.7% today, marking a three-day rally following a significant contract win with European firm The Exploration Company. The deal, worth at least $10 million, involves building two advanced docking systems for spacecraft, marking Redwires entry into the European space market. Despite the recent gain, the stock remains volatile and trades 66.7% below its 52-week high. Keybanc analyst Michael Leshock recently initiated coverage with a sector weight rating.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.