New York, Jan 29, 2026, 11:00 EST — Regular session
- Redwire shares dropped following two Form 144 filings indicating possible sales totaling roughly 4.85 million shares
- The drop follows Redwire’s recent win of a spot on the Missile Defense Agency’s $151 billion SHIELD contract vehicle, announced just days ago
- Traders are focused on the timing of the company’s next earnings report and any follow-on task orders.
Shares of Redwire Corp dropped Thursday after two major shareholders filed to offload stock, dampening gains sparked by news of a new U.S. missile-defense contract.
Redwire slipped 6.2% to $12.47 by 11:00 a.m. EST, trading in a range from $12.46 to $13.90. Roughly 17.8 million shares exchanged hands.
The pullback is significant since the stock has been driven more by headlines than actual booked revenue. A contract “slot” might sound huge, but the cash only arrives once the government issues task orders.
It also highlights supply dynamics. When major holders hit the sell window, momentum trades can reverse quickly, even without any fundamental shifts that day.
Edge Autonomy Ultimate Holdings, LP, a 10% shareholder, has filed a Form 144 to sell up to 2,826,109 shares of Redwire. The shares carry a combined market value near $40.1 million, according to the filing. The planned sale date is Jan. 28, with the shares originally bought in a private placement back in June 2025. (Redwire Corporation)
A different Form 144 filing from AE Red Holdings, LLC outlined plans to sell up to 2,021,758 shares, with an estimated value near $28.7 million. The document identified AE Red as holding a 10% stake, noting these shares came from a private placement in 2021. (Redwire Corporation)
Form 144 must be filed by insiders and major shareholders planning to sell restricted or control stock under SEC Rule 144. While it signals an intent to sell, it doesn’t guarantee that the shares have actually changed hands.
Redwire announced Tuesday it secured a spot on the Missile Defense Agency’s SHIELD contract vehicle, an IDIQ agreement capped at $151 billion. The company cautioned there’s “no guaranteed revenue” tied to the award. CEO Peter Cannito highlighted that Redwire’s tech “position us to deliver resilient, multi-domain solutions for national security missions.” (Business Wire)
IDIQ contracts establish the framework and a ceiling value; agencies issue task orders within that scope, frequently pitting multiple vendors against each other. There’s often a considerable delay between securing a contract and receiving funded orders.
Redwire’s shares surged 28% to $14.06 on Tuesday, marking their highest close since August. The rally came after news that the company was added to the SHIELD vendor list, Barron’s reported. (Barron’s)
Hope for missile defense has met a tougher reality. A year after President Donald Trump announced the “Golden Dome” initiative, progress remains slow. So far, only small prototype contracts have been handed out, to a select few like Northrop Grumman and Lockheed Martin, Reuters reported Tuesday. (Reuters)
Karman Holdings, also linked to the SHIELD theme, dropped roughly 3.7% on Thursday.
The downside is clear: SHIELD doesn’t guarantee revenue, task orders might trickle in, and larger contracts could go to bigger players as government orders grow. Then there’s the wild card of the Form 144 notices — how much stock could flood the market if the rally tempts sellers to cash out.
Traders are on alert for any follow-up task orders or agency updates that could shed light on timing and dollar flow. They’re also seeking clarity on when Redwire will report earnings again. The company’s IR calendar currently shows no scheduled events, but Public.com has March 9 marked as the next expected earnings date. (Redwire Corporation)
