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FinanceRedwire Stock Rises on Huntsville Campus Expansion Plans
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Redwire Corporation (NYSE:RDW) shares rose 3% on Monday after announcing a major expansion of its Huntsville, Alabama campus. The company will add 164,000 square feet to increase production of unmanned aircraft systems and space infrastructure technologies. Construction is underway, with completion expected in Q4 2027. The project is supported by approximately $8.5 million in state and local incentives and is expected to create about 150 new high-skilled jobs in engineering, manufacturing, and systems integration. The expanded facility will boost output of Stalker UAS, Octopus gimbal payloads, advanced energy technologies, and space systems for exploration, commercial, and national security missions. CEO Peter Cannito highlighted Huntsville's role as a growing technology hub at the intersection of space and defense industries. The expansion is a partnership with the State of Alabama and the City of Huntsville.
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Fiona Craig Mon, July 20, 2026 at 5:35 AM PDT | 1 min read
Redwire Corporation (NYSE: RDW) shares rose 3% on Monday after the aerospace and defense company announced plans to significantly expand its Huntsville, Alabama campus to increase production of unmanned aircraft systems and space infrastructure technologies.
The company is adding 164,000 square feet to its Huntsville operations, expanding its manufacturing and engineering capabilities to support growing demand for mission-critical aerospace and defense products. Construction is already underway, with the enlarged facility expected to be completed during the fourth quarter of 2027.
The project is backed by approximately $8.5 million in eligible state and local economic development incentives. As part of the expansion, Redwire expects to create around 150 new high-skilled positions across engineering, manufacturing, systems integration, and technical operations.
The additional capacity will support increased production of:
- Stalker unmanned aircraft systems
- Octopus gimbal payloads
- Advanced energy technologies
- Space systems designed for exploration, commercial missions, and national security applications
“Expanding the footprint Redwire has established in Huntsville reflects the momentum we're seeing across both Redwire Space and Defense Tech,” said Peter Cannito, Chairman and Chief Executive Officer of Redwire. “Huntsville is one of the fastest growing technology hubs in the United States, uniquely positioned at the intersection of America's space and defense industries, which makes it the ideal location to expand our capabilities and strengthen America's industrial base.”
Redwire announced the expansion in partnership with the State of Alabama and the City of Huntsville, highlighting the region's growing role as a centre for aerospace, defense, and advanced manufacturing.
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Redwire Stock Rises on Huntsville Campus Expansion Plans