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Redwire Corporation
Company typePublic
NYSE: RDW
IndustryAerospace industry
FoundedJune 1, 2020; 4 years ago (2020-06-01)
HeadquartersJacksonville, Florida, United States
Key people
  • Peter Cannito (Chairman and CEO)
  • Andrew Rush (COO)
  • Jonathan Baliff (CFO)
  • Al Tadros (CTO)
RevenueIncrease US$138 million (2021)
Decrease US$−70 million (2021)
Decrease US$−62 million (2021)
Total assetsIncrease US$262 million (2021)
Total equityIncrease US$107 million (2021)
Number of employees
606 (December 2021)
Subsidiaries
Websiteredwirespace.com
Footnotes / references
[1]
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Redwire Corporation is an American aerospace manufacturer and space infrastructure technology company headquartered in Jacksonville, Florida. The company was formed on June 1, 2020 by the private equity firm AE Industrial Partners.[2]

History

Formed on June 1, 2020, by private equity firm AE Industrial Partners, Redwire was initially created through the merger of Adcole Space and Deep Space Systems.[3] Shortly after formation, on June 24, 2020, Redwire acquired Jacksonville, Florida-based Made In Space, Inc. The addition of Made in Space added 3D printing to the company's portfolio.[4] On September 15, 2020, Redwire announced that it was moving its headquarters to Jacksonville.[5]

Redwire's acquisitions continued throughout 2020 and 2021. Longmont, Colorado-based Roccor was acquired by Redwire on October 29, 2020. The acquisition added capabilities in the manufacturing of solar panels, antennas, and deployable booms.[6] The payload launch technology maker, LoadPath, was acquired on December 15, 2020.[7] Redwire acquired Littleton, Colorado based Oakman Aerospace on January 19, 2021. Founded in 2012, Oakman adds critical capability in digital engineering that will significantly enhance Redwire's space infrastructure solutions.[8] Deployable Space Systems was acquired by on February 23, 2021, adding Roll Out Solar Array (ROSA) capabilities to Redwire's portfolio.[9]

Redwire announced on March 25, 2021 its intentions to go public through a merger with the SPAC Genesis Park Acquisition Corp., valuing the company at US$615 million.[10][11]

Operations

Redwire and subsidiaries operate throughout the United States, with locations in Florida, Colorado, California, Alabama, Massachusetts, Indiana and New Mexico. The company consists of the following subsidiaries:

Adcole Space

See also: Adcole

Adcole Space, a former component of Adcole Corporation, specializes in the design, manufacturing, integration and testing of spacecraft components for application in the commercial, research and military sectors. Located in Marlborough, Massachusetts, Adcole Space focuses on high performance, high reliability sun sensors and other spacecraft components.[12]

Deep Space Systems

Main article: Deep Space Systems

Based in Littleton, Colorado, Deep Space Systems (DSS) is focused on systems engineering, spacecraft design, development, integration and testing, deep space mission operations, and high-definition space-qualified cameras. DSS was incorporated in 2001, and was a founding component of Redwire, after its merger on June 1, 2020 with Adcole Space.[13] DSS is considered a "main contractor" for NASA's Commercial Lunar Payload Services (CLPS) program, and can sub-contract projects to other companies of their choice.[14] DSS is also working on a lander concept focused on scouting south polar lunar resources.[15]

Deployable Space Systems

Deployable Space Systems developed Roll Out Solar Array (ROSA) technology, pictured above being held by the robotic arms at the International Space Station

Deployable Space Systems, Inc. (DSSI) specializes in the development of deployable technologies for space applications. Located in Goleta, California, DSSI designs, analyzes, builds, tests and delivers deployable solar arrays, deployable structures and space system products. Product and research areas include deployable solar array systems, rigid panel, flexible blanket, and concentrator systems with crystalline or thin film photovoltaic deployable structural/mechanical systems, articulated structures, open-lattice structures, booms, elastic deployable structures, roll-out booms, deployable reflectors, deployable occulters, sun shades, subsystems, high efficiency photovoltaic flexible and rigid blanket/panel assemblies (with photovoltaic partners), launch restraint release systems, mechanisms and actuators.[16]

LoadPath

Based in Albuquerque, New Mexico, LoadPath specializes in mechanical, structural, and thermal technologies for satellite and space launch applications. Unique capabilities include space mechanisms, multi-payload launch adapters, structural testing, deployable composite booms, deployable space structures, R&D engineering, spacecraft thermal management components, and thermal analysis. LoadPath is controlled by an AS9100 certified quality management system.[17]

Made In Space, Inc.

Main article: Made In Space, Inc.

Based in Jacksonville, Florida, Made In Space specializes in the development and manufacturing of three-dimensional printers for use in microgravity. Founded in August 2010 by Aaron Kemmer, Jason Dunn, Mike Chen, and Michael Snyder, Made in Space has a general focus on manufacturing technologies that support exploration, national security, and sustainable space settlement.[18]

Oakman Aerospace

Based in Littleton, Colorado, Oakman Aerospace, Inc. was co-founded by Stanley Oakman Kennedy, Jr., Maureen S. O’Brien, and Stanley Oakman Kennedy, Sr. in July 2012.[19] The Littleton facility has approximately 11,300 square feet of test laboratory and office space, which includes 1,000 square feet of engineering laboratory space, several test areas, and modular test stations. OAI has the capability and capacity to simultaneously design, assemble, integrate, and test programs or perform multiple technology test and evaluation efforts. The assembly and test laboratories are equipped with regularly calibrated measuring and test equipment. The laboratories have six independent workstations equipped with modern assembly equipment and tools. The facility is in full compliance with all OSHA and State safety requirements. OAI laboratory space has the ability to host flight components using clean room level laminar flow benches with individual temperature and humidity controls. Oakman is building a satellite ground station with 5.5 m dish at Chippewa County International Airport.[20]

Roccor

Based in Longmont, Colorado, Roccor is a manufacturer of solar panels, antennas, and deployable booms. Launched on May 5, 2010, by founder Will Francis, its acquisition by Redwire was announced on October 29, 2020.[21] Roccor was an 80-person company at the time of acquisition.[22]

See also

References

  1. ^ "Redwire Corp. 2021 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 13 May 2022.
  2. ^ Werner, Debra (2021-03-24). "Space M&A boom appears right on time". SpaceNews. Retrieved 2021-03-25.
  3. ^ "AE Industrial Partners Acquires Deep Space Systems". PRNewwire. 1 June 2020. Retrieved 25 May 2021.
  4. ^ "Made in Space acquired by private equity firm". Jacksonville Business Journal. 2020-06-23. Retrieved 2020-06-30.
  5. ^ "Space conglomerate Redwire moving headquarters to Jacksonville". Jacksonville Business Journal. 15 September 2020. Retrieved 25 May 2021.
  6. ^ "Redwire Acquires Roccor, A Manufacturer Of Critical Systems For The Satellite Industry" (Press release). PRNewswire. 2020-09-29. Retrieved 2021-03-25.
  7. ^ Rivers, Brenda (5 December 2020). "Redwire Buys Payload Launch Tech Maker LoadPath". GovConWire. Retrieved 25 May 2021.
  8. ^ Werner, Debra (19 January 2021). "Redwire acquires Oakman Aerospace". spacenews.com. Space News. Retrieved 25 May 2021.
  9. ^ Werner, Debra (23 February 2021). "Redwire Acquires Deployable Space Systems". spacenews.com. Space News. Retrieved 25 May 2021.
  10. ^ Foust, Jeff (2021-03-25). "Redwire to go public through a SPAC merger". SpaceNews. Retrieved 2021-03-25.
  11. ^ Sheetz, Michael (25 March 2021). "Space infrastructure conglomerate Redwire to go public via a SPAC". cnbc.com. CNBC. Retrieved 25 May 2021.
  12. ^ "About - Adcole Space". adcolespace.com. Adcole Space. Retrieved 24 May 2021.
  13. ^ "About - Deep Space Systems". deepspacesystems.com. Deep Space Systems. Retrieved 24 May 2021.
  14. ^ Draft Concepts for Commercial Lunar Landers. NASA, CLPS. Accessed on 12 December 2018
  15. ^ Lunar Resource Prospecting. S. A. Bailey. Abstract presented at the "Lunar ISRU 2019: Developing a New Space Economy Through Lunar Resources and Their Utilization". July 15-17, 2019, Columbia, Maryland
  16. ^ "About: Company Profile". Deployable Space Systems. Retrieved 22 May 2021.
  17. ^ "About - LoadPath". load path.com. LoadPath. Retrieved 24 May 2021.
  18. ^ "About - Made in Space". madeinspace.com. Made in Space. Retrieved 24 May 2021.
  19. ^ "About". Oakman Aerospace. Retrieved 2021-03-25.
  20. ^ Worsham, Taylor (2020-09-16). "Ground station to be built in Kinross". The Sault News. Retrieved 2021-03-25.
  21. ^ "Redwire Acquires Roccor, A Manufacturer Of Critical Systems For The Satellite Industry" (Press release). PRNewswire. 2020-09-29. Retrieved 2021-03-25.
  22. ^ Avery, Greg (2020-11-16). "Longmont aerospace founder reflects on sale to private equity-backed Redwire". Retrieved 2021-03-25.
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