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Redwire Corporation (RDW) Poised for Growth on Defense Business Model Transition: Cannaccord Genuity [Yahoo! Finance]

Redwire Corporation (RDW) 
Company Research Source: Yahoo! Finance
Genuity analyst Austin Moeller reiterated a Buy rating, impressed by Redwire Corporation (NYSE:RDW)'s strategic positioning and growth potential. According to the analyst, the company is positioned for long-term growth as it transitions from a commercial space company to a defense technology business model. Consequently, the company is positioned to benefit from recurring revenue streams and expanded market presence. The analyst has also touted the company's innovative technologies, such as the Stalker UAS and the Roll-Out Solar Array (ROSA), which offer an extended range and a low acoustic profile. The system has already been selected for the Army's Long Range Reconnaissance program, expected to generate a solid revenue stream. Cantor Fitzgerald analyst Colin Canfield has also touted the company's long-term prospects. On December 10, the analyst reiterated a Buy rating on the stock and set a $9 price target. The wave of positive ratings comes on the heels of Redwire Corporation Show less Read more
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