What Happened
Investors Expect Positive Surprise Amid Growing US Drone Spending
Redwire Corp. shares traded higher overnight as investors positioned ahead of the company’s second-quarter earnings, with optimism building around its growing defense drone business and increasing exposure to US government spending. The company has expanded its space technology operations and domestic aerospace production capacity, and has received new orders for its Stalker systems. Redwire will report its Q2 earnings on Wednesday, with analysts expecting $107.6 million in revenue and a loss of $0.15 per share. This development was reported by an unknown source.