Sierra Space Enters Strategic Partnership With Redwire; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Sierra Space has entered into a strategic partnership with Redwire for commercial pharmaceutical and biotech R&D and manufacturing in low-Earth orbit. Redwire will provide technical expertise for automation and robotics. Hardware development is underway with deliveries expected to begin in Q4 2023.
August 21, 2023 | 10:32 am
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Redwire is entering a strategic partnership with Sierra Space for commercial pharmaceutical and biotech R&D. This could potentially increase Redwire's market presence and revenue in the long term.
The partnership with Sierra Space could open new revenue streams for Redwire in the commercial pharmaceutical and biotech sectors. The impact on the stock price will likely be positive, but the effect may not be immediate as deliveries are expected to begin in Q4 2023.
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