Redwire Corporation (NYSE:RDW) shares are up approximately 10% over the past week, adding about 1% to those gains Thursday, as a defense contract win and broader space sector momentum have kept the aerospace and defense company in focus.
Redwire stock is edging higher.
Where is RDW stock headed?
The Taiwan Coast Guard Contract On June 30, Redwire announced it was awarded a contract by Taiwan Color Optics Inc. to deliver its Penguin Mk2.5 VTOL Uncrewed Aerial System to the Taiwan Coast Guard.
The Penguin Mk2.5 was selected for its long-endurance performance, vertical takeoff and landing capability, and integrated EO/IR payloads for persistent maritime ISR missions.
