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Redwire Rises 7% After U.S. Army Follow-On Order

Redwire shares climbed 7% to $8.70 on Wednesday after the company received a follow-on U.S. Army order for maintenance parts for its combat fleet. The stock is up 14% year to date.

Redwire Rises 7% After U.S. Army Follow-On Order

The Army aviation unit at Fort Huachuca, Arizona, will receive parts for its Stalker uncrewed aircraft system, including Redwire’s hybrid lift batteries.

Redwire said the order will support individual Army training on the aircraft, giving soldiers a tested system to use as they prepare for real-world operations.

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