The company secured follow-on orders for the Army’s FoSUAS program, boosting premarket shares by over 4%.
Redwire (RDW) shares climbed more than 4% in premarket trading after the company announced a $21.5M follow-on purchase order to support the U.S. Army’s Family of Small Uncrewed Aircraft Systems (FoSUAS) program.
The awards expand Redwire’s role in the drone initiative, though details on prior contract values or program timelines were not disclosed. The FoSUAS program aims to enhance tactical reconnaissance capabilities for military operations.
Premarket gains reflected investor optimism about the defense sector’s growth potential and Redwire’s positioning in uncrewed systems.