Redwire Corporation (NYSE:RDW) shares jumped in premarket trading on Tuesday after the company announced its selection for the Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract.
The SHIELD IDIQ contract carries a ceiling of $151 billion and encompasses a broad range of work areas designed to enable rapid delivery of innovative capabilities to the warfighter with increased speed and agility.
This is a multi-award contract, and Redwire noted there is no guaranteed revenue with the award of the SHIELD IDIQ contract.
Management Commentary
“Redwire’s proven space and defense technologies, including unmanned aerial systems, advanced sensors, maneuverable spacecraft platforms, and agent-based modeling and simulation, position us to deliver resilient, multi-domain solutions for national security missions,” said Peter Cannito, Chairman and CEO of Redwire.
Cannito added, “We are excited to continue advancing capabilities that help protect the homeland and support mission partners across the Department of War.”
Golden Dome Momentum Continues
The contract award follows recent momentum around Redwire’s positioning as a potential supplier for President Donald Trump‘s “The Golden Dome” defense initiative. On Jan. 23, RDW shares surged 17.45% after Trump announced progress on Golden Dome discussions related to Greenland.
Redwire recently consolidated operations under a unified brand on Jan. 13, restructuring into two segments.
RDW Price Action: Redwire shares were up 16.52% at $12.77 during premarket trading on Tuesday, according to Benzinga Pro data.
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