Redwire announces next VLEO satellite system
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WASHINGTON — Redwire Place is doubling down on fascination in the rising current market for very reduced Earth orbit (VLEO) satellites by giving a second spacecraft platform from its European subsidiary.
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In a Could 9 earnings simply call, Redwire introduced a VLEO satellite system known as Phantom, designed by the company’s European organization device in Belgium. Phantom is currently being developed for the European House Agency’s Skimsat mission, on which Redwire is partnered with Thales Alenia Room, and is now becoming made available for European and intercontinental prospects.
Phantom joins SabreSat, a VLEO satellite Redwire announced in its former earnings call in March that is getting made by the firm in the United States. The two types use unique technologies.
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“SabreSat and Phantom do not share a typical technological baseline. They are two distinct platforms with unique underlying technologies and overall performance parameters,” Peter Cannito, chief govt of Redwire, claimed on the phone. “Different ways cut down danger and permit us to deal with a broader established of purchaser necessities.”
The Phantom bus is created for missions at orbits beneath 300 kilometers, where atmospheric drag plays a significantly much larger part, necessitating far more aerodynamic designs and propulsion to keep orbit. Phantom can accommodate payloads weigh up to 50 kilograms, with a overall spacecraft mass of up to 300 kilograms, in accordance to enterprise documents. The spacecraft employs electric powered propulsion to preserve its orbit for missions lasting as extended as five years.
Company officials claimed at the GEOINT Symposium this 7 days that they ended up viewing curiosity in SabreSat from U.S. govt businesses fascinated in a platform that could give improved imaging resolution from operating in a lessen orbit as properly as enhanced resiliency. Cannito claimed on the get in touch with that the firm has received a examine deal for SabreSat from an undisclosed purchaser.
“This is a quite enjoyable indicator that the marketplace acknowledges SabreSat’s possible as a crucial capability,” he said. “We are pretty encouraged with the reception that SabreSat has acquired considering that our announcement and we go on to go after significant alternatives for this perhaps groundbreaking VLEO spacecraft.”
He identified as both of those SabreSat and Phantom a “leap-ahead opportunity” for the corporation to choose gain of escalating curiosity in VLEO methods. “We’re rather significantly in advance now relative to the all round business improvement of spacecraft in VLEO.”
People platforms are also part of a method that the corporation announced previously this yr to go up the value chain from a provider to a primary contractor. “We are bidding a lot more as a primary than we have in the previous,” he claimed.
Redwire was among the nine companies that won NASA research contracts declared Could 1 to refine ideas for industrial Mars missions to have out apps these types of as imaging and communications. Redwire’s $200,000 analyze is for modifying a industrial Earth imaging spacecraft for use at Mars, and Cannito mentioned that would be primarily based on the Proba spacecraft made in Europe, and not SabreSat or Phantom.
Redwire claimed revenues in the first quarter of 2024 of $87.8 million, a 52% increase around the very same quarter of 2023. The corporation experienced altered earnings just before desire, taxes, depreciation and amortization (EBITDA) of $4.3 million, the exact same as the first quarter of past 12 months.
Cannito noted on the phone that the enterprise now has 5 consecutive quarters of good altered EBITDA along with profits expansion, and again-to-back again quarters of positive cash from operations. When the enterprise claimed a net decline on the quarter of $8.1 million, Jonathan Baliff, Redwire’s main monetary officer, explained the over-all success showed “continued favourable momentum” for the company as it moves to profitability.
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WASHINGTON — Redwire Place is doubling down on fascination in the rising current market for very reduced Earth orbit (VLEO) satellites by giving a second spacecraft platform from its European subsidiary.
In a Could 9 earnings simply call, Redwire introduced a VLEO satellite system known as Phantom, designed by the company’s European organization device in Belgium. Phantom is currently being developed for the European House Agency’s Skimsat mission, on which Redwire is partnered with Thales Alenia Room, and is now becoming made available for European and intercontinental prospects.
Phantom joins SabreSat, a VLEO satellite Redwire announced in its former earnings call in March that is getting made by the firm in the United States. The two types use unique technologies.
“SabreSat and Phantom do not share a typical technological baseline. They are two distinct platforms with unique underlying technologies and overall performance parameters,” Peter Cannito, chief govt of Redwire, claimed on the phone. “Different ways cut down danger and permit us to deal with a broader established of purchaser necessities.”
The Phantom bus is created for missions at orbits beneath 300 kilometers, where atmospheric drag plays a significantly much larger part, necessitating far more aerodynamic designs and propulsion to keep orbit. Phantom can accommodate payloads weigh up to 50 kilograms, with a overall spacecraft mass of up to 300 kilograms, in accordance to enterprise documents. The spacecraft employs electric powered propulsion to preserve its orbit for missions lasting as extended as five years.
Company officials claimed at the GEOINT Symposium this 7 days that they ended up viewing curiosity in SabreSat from U.S. govt businesses fascinated in a platform that could give improved imaging resolution from operating in a lessen orbit as properly as enhanced resiliency. Cannito claimed on the get in touch with that the firm has received a examine deal for SabreSat from an undisclosed purchaser.
“This is a quite enjoyable indicator that the marketplace acknowledges SabreSat’s possible as a crucial capability,” he said. “We are pretty encouraged with the reception that SabreSat has acquired considering that our announcement and we go on to go after significant alternatives for this perhaps groundbreaking VLEO spacecraft.”
He identified as both of those SabreSat and Phantom a “leap-ahead opportunity” for the corporation to choose gain of escalating curiosity in VLEO methods. “We’re rather significantly in advance now relative to the all round business improvement of spacecraft in VLEO.”
People platforms are also part of a method that the corporation announced previously this yr to go up the value chain from a provider to a primary contractor. “We are bidding a lot more as a primary than we have in the previous,” he claimed.
Redwire was among the nine companies that won NASA research contracts declared Could 1 to refine ideas for industrial Mars missions to have out apps these types of as imaging and communications. Redwire’s $200,000 analyze is for modifying a industrial Earth imaging spacecraft for use at Mars, and Cannito mentioned that would be primarily based on the Proba spacecraft made in Europe, and not SabreSat or Phantom.
Redwire claimed revenues in the first quarter of 2024 of $87.8 million, a 52% increase around the very same quarter of 2023. The corporation experienced altered earnings just before desire, taxes, depreciation and amortization (EBITDA) of $4.3 million, the exact same as the first quarter of past 12 months.
Cannito noted on the phone that the enterprise now has 5 consecutive quarters of good altered EBITDA along with profits expansion, and again-to-back again quarters of positive cash from operations. When the enterprise claimed a net decline on the quarter of $8.1 million, Jonathan Baliff, Redwire’s main monetary officer, explained the over-all success showed “continued favourable momentum” for the company as it moves to profitability.
