Redwire selected for the Missile Defense Agency's $151 billion multi-vendor SHIELD IDIQ program in support of homeland defense
Key details at a glance:
- The Contract: Redwire has been selected to develop a novel design for a space-based sensor system. The goal is to improve defense against advanced ballistic missile and hypersonic weapon threats.
- Technology: The company will use its expertise in digital satellite designs and optical sensors to design a solution that optimizes the tracking and identification of threats from space.
- Background: The contract is part of MDA's efforts to build a more robust "sensor layer" in space. This is to ensure that modern missiles, which are becoming ever faster and more agile, can be monitored seamlessly.
- Significance for Redwire: This win underscores Redwire's growing role as a major player in the U.S. national security strategy for space technology.Analysts and investors speculate that Redwire's expertise in sensors and satellite technology will allow it to gain a significant share.
Even if Redwire only holds 1 % to 2 % of the volume over 10 years, this would correspond to a turnover of 1.5 to 3 billion USD. By comparison, that would be 5 to 10 times its current annual turnover.
