Redwire up after KeyBanc starts with 'sector weight' rating

Redwire

19/12/2025 13:56

** Shares of space infrastructure firm Redwire RDW.N up 4.9% at $7.37 premarket after KeyBanc initiates coverage with “sector weight” rating

** Brokerage says that after its $925 mln Edge Autonomy acquisition, RDW is moving beyond space infrastructure into defense technology and Uncrewed Aerial Systems (UAS) - aircraft that fly without onboard pilots, typically used for surveillance and tactical missions.

** Says backlog boosted by Edge Autonomy deal

** Says that RDW's combined portfolio now spans intelligence, surveillance, and reconnaissance (ISR) drones built for gathering battlefield data and ruggedized power systems to withstand harsh conditions

** KeyBanc says there's potential upside from international defense modernization

** As of last close, RDW down 57.3% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))