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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With Redwire (RDW) Stock Thursday?

Redwire RDW NASA ISS Space Station
RedwireStuttgart,,Germany,-,09-04-2022:,Smartphone,With,Webpage,Of,Us,Aerospace

Redwire Corp (NYSE:RDW) shares rose Thursday before paring gains after the company was awarded a NASA contract to support operations on the International Space Station (ISS).

What To Know: Redwire announced that it as awarded an indefinite-delivery/indefinite-quantity (IDIQ) contract from NASA worth up to $25 million over a five-year period. The company will fulfill future task orders for biotechnology facilities, on-orbit operations support and mission integration on the ISS.

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