Redwire reports record Q2 revenue and Octopus deliveries
Redwire reported record Q2 revenue of $117.1 million and backlog of $542.1 million while delivering nearly 200 Octopus ISR payloads during the first half.
Evidence notes
- Second-quarter revenue increased 89.6% year over year to a record $117.1 million.
- Contracted backlog reached a record $542.1 million.
- Redwire delivered nearly 200 Octopus ISR payloads year to date, more than 15% above the prior-year period, and maintained full-year revenue guidance of $450 million to $500 million.
Company context
Redwire Corporation is a public space and defense technology company whose defense portfolio expanded materially through its acquisition of Edge Autonomy. The combined business supplies uncrewed aerial systems, advanced optics, resilient power systems and software-defined capabilities for U.S. and allied defense users.