Why Redwire Was Soaring on the Stock Market This Week

Over the past few days, space and defense company Redwire's (NYSE: RDW) stock was following the trajectory of a rocket blasting into the void. Thanks to not one, but two deals announced by the company, its stock price had improved by nearly 13% week to date as of Friday early morning, according to data compiled by S&P Global Market Intelligence. The first of those two arrangements was trumpeted by Redwire Wednesday morning. The company's highly specialized defense subsidiary Edge Autonomy, which concentrates on advanced unmanned aerial systems (UASes), completed its latest delivery of such assets to the Ukraine military for use in its war against Russia. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool