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Wajeeh Khan

A $980 Million Reason to Buy Redwire Stock

Redwire RDW Space Systems Command Barchart

Redwire (RDW) has been selected by Space Systems Command as one of 15 contractors eligible to compete under a major new defense initiative. The selection positions RDW to bid on specific task orders encompassing the design, development, integration, testing, and sustainment of space-based and ground-based hardware.

The announcement brings a much-needed reprieve to Redwire stock that is still trading at less than half its price in late May.

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