Redwire Secures Contract From Defense Advanced Research Projects Agency; To Leverage Its SabreSat VLEO Spacecraft Design For DARPA's Otter Program
Portfolio Pulse from Benzinga Newsdesk
Redwire has secured a contract from DARPA to leverage its SabreSat VLEO spacecraft design for the Otter program. As the prime contractor, Redwire will build the SabreSat bus and advance critical technologies for the mission.
June 17, 2024 | 11:34 am
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Redwire has been awarded a contract by DARPA to utilize its SabreSat VLEO spacecraft design for the Otter program. This positions Redwire as the prime contractor, responsible for building the SabreSat bus and advancing mission-critical technologies.
The contract from DARPA is a significant win for Redwire, positioning it as a key player in a high-profile defense project. This is likely to boost investor confidence and positively impact the stock price in the short term.
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