Redwire Corp (NYSE:RDW) shares rose Thursday before paring gains after the company was awarded a NASA contract to support operations on the International Space Station (ISS).
What To Know: Redwire announced that it as awarded an indefinite-delivery/indefinite-quantity (IDIQ) contract from NASA worth up to $25 million over a five-year period. The company will fulfill future task orders for biotechnology facilities, on-orbit operations support and mission integration on the ISS.
Redwire said it was issued a $2.5 million task order to support drug development investigations on the ISS using the company’s PIL-BOX technology.
“Redwire’s biotechnology facilities have been an integral part of NASA’s ISS research strategy, supporting an increased throughput of critical scientific research and expanding on-orbit capabilities to accommodate cutting-edge science in drug development, cancer research, and tissue engineering,” said John Vellinger, president of Redwire In-Space Industries.
“As the sole recipient for this IDIQ contract, Redwire is grateful for NASA’s continued trust in our proven biotechnology capabilities and experience, and we are committed to enabling new discoveries for NASA and the ISS science community.”
How To Buy RDW Stock
By now you're likely curious about how to participate in the market for Redwire – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
RDW Price Action: Redwire shares were roughly flat $9.07 at the time of publication Thursday, according to Benzinga Pro.
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