Shares of Redwire Corp. (RDW) are climbing about 27 percent during Tuesday morning trading after the announcement of an indefinite-delivery/indefinite-quantity contract for the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense with a ceiling of $151 billion.
Currently, RDW is moving up 27.74 percent, to $13.98, over the previous close of $10.94 on the New York Stock Exchange. It has traded between $4.87 and $26.66 in the last one year.
The multi-award contract underscores the company's position to deliver resilient, multi-domain solutions for national security missions.
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