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DeepSat Selects Redwire's AI-Powered Digital Engineering Systems for Precursor Mission in Very Low Earth Orbit

1. RDW secured a contract for VLEO satellite design services with DeepSat. 2. This award enhances RDW's position in aerospace and defense technology.

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FAQ

Why Bullish?

The contract signifies RDW's growth in the aerospace sector, similar to past contracts that boosted share prices following new partnerships.

How important is it?

The DeepSat contract significantly impacts RDW's future prospects and market position in emerging satellite technology.

Why Long Term?

Successful execution of this contract could lead to additional opportunities, mirroring previous projects like the Pentagon contracts that provided sustained revenue.

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LMTBANOC
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a global leader in aerospace and defense technology solutions, announced today that it has been awarded the first phase of a multi-phase contract by DeepSat, an Earth observation startup, to provide advanced modeling, simulation and design services for a planned dual-use Very Low Earth Orbit (VLEO) satellite constellation. The contract represents DeepSat's first step towards deploying a VLEO constellation designed to serve cu.

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