ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Redwire Awarded Contract to Provide Critical Avionics Technology for Multinational Earth Observation Satellite Constellation

Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that it has been awarded a contract by SpaceTech GmbH to provide critical avionics technology for the European Space Agency’s (ESA) Next Generation Gravity Mission (NGGM) satellites. The NGGM satellites are ESA’s contribution to a planned NASA and ESA Earth observation satellite constellation known as Mass Change and Geophysics International Constellation (MAGIC). MAGIC will combine four satellites, two NGGM satellites developed through ESA and two GRACE satellites developed through NASA and the German Aerospace Center, to measure fluctuations in Earth’s gravitational field. The planned constellation will provide unprecedented data for water management applications, including monitoring droughts, floods, ice melts, and sea level rise.

Redwire’s wholly owned subsidiary, Redwire Space NV, will design and build the engineering qualification model of the spacecraft’s Instrument Control Unit (ICU). The ICU will serve as the central system for managing and controlling NGGM’s primary scientific instrument, handling data collection and processing and communication between the instrument and the satellite's other onboard systems. The ICU will play a pivotal role in the mission’s ability to observe small variations in Earth’s gravitational field.

“We are proud to bring our unparalleled expertise in spacecraft avionics and control systems to support ESA’s contribution to this important multinational mission,” said Mike Gold, Redwire President of Civil and International Space Business. “Redwire’s flight-proven, high-reliability avionics is perfectly suited for the complexity of NGGM and MAGIC, and continues to enable Europe’s most game-changing missions, including IXV, Proba-2, Proba-V, and Proba-3, with additional missions scheduled for launch in the future.”

Redwire’s European facility in Belgium has more than 40 years of spaceflight heritage developing spacecraft platforms and success delivering innovative technology for key ESA programs. Redwire was the prime contractor for ESA’s Proba-1, Proba-2, and Proba-V missions, which have a combined flight time of 50 years without failure. Leveraging its legacy of innovation and excellence, Redwire continues to support other ESA programs, including Skimsat, a technology demonstrator for a small satellite platform designed to operate in very low Earth orbit; the International Berthing and Docking Mechanism for the lunar Gateway; the Hera mission to study the Didymos binary asteroid system; and the Proba-3 mission, the first precision formation flying mission that will investigate the Sun’s corona.

Disclaimer: The views expressed herein can in no way be taken to reflect the official opinion of the European Space Agency.

About Redwire

Redwire Corporation (NYSE: RDW) is a global space infrastructure and innovation company enabling civil, commercial, and national security programs. Redwire’s proven and reliable capabilities include avionics, sensors, power solutions, critical structures, mechanisms, radio frequency systems, platforms, missions, and microgravity payloads. Redwire combines decades of flight heritage and proven experience with an agile and innovative culture. Redwire’s approximately 750 employees working from 17 facilities located throughout the United States and Europe are committed to building a bold future in space for humanity, pushing the envelope of discovery and science while creating a better world on Earth. For more information, please visit redwirespace.com.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.86
-4.24 (-1.70%)
AAPL  274.17
-1.08 (-0.39%)
AMD  257.83
+20.31 (8.55%)
BAC  54.10
+0.47 (0.88%)
GOOG  287.76
-3.98 (-1.36%)
META  608.57
-18.51 (-2.95%)
MSFT  511.24
+2.56 (0.50%)
NVDA  193.22
+0.06 (0.03%)
ORCL  227.16
-9.00 (-3.81%)
TSLA  432.44
-7.18 (-1.63%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.