Why Redwire Stock Looks Red Hot Today
Redwire Corporation (NYSE: RDW) stock, the space infrastructure company, rocketed 9.7% through 11:30 a.m. ET Thursday after announcing a contract win: an "eight-figure deal" to build two International Docking System Standard (IDSS) compliant docking systems for the flagship spacecraft of privately held The Exploration Company.
Image source: Getty Images.
Excellent question. Indeed, this is the first I've heard of them! Searching through the data vaults at S&P Global Market Intelligence, it seems TEC is a maker of "modular and reusable orbital vehicles" -- so spacecraft, rather than rockets per se.
Source Fool.com
