Why Redwire Stock Popped on Tuesday
Redwire is getting bigger, but so are its losses.
Overview
Redwire Corporation (NYSE: RDW) stock investors had an amazing day Tuesday, with their stock closing up 9.4% on a couple of announcements suggesting Redwire has momentum:
Yesterday, Redwire announced a "major expansion" of its Huntsville, Ala., factory for building Stalker UAS armed surveillance drones.
Details
And today, Redwire opened a second factory in Georgetown, Ind., to produce "microgravity payloads" for operation in space.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.