Why These Defense Stocks Are Declining This Week

6. Redwire Corporation (NYSE:RDW)

Weekly Decline: -13.67%

Redwire Corporation (NYSE:RDW) is a global space company, providing critical space infrastructure for government and commercial users. The company expanded into defense this year, with a $925 million acquisition of drone maker, Edge Autonomy, in January.

The stock is down 27% year-to-date, amid ongoing investigations around the fairness of the acquisition to shareholders. Law firms, Halper Sadeh LLC and Kahn Swick & Foti, LLC, are inquiring about the terms of the agreement.

Redwire Corporation (NYSE:RDW)’s share price slumped 13.67% over the past week in the run up to the scheduled announcement of Q4 2024 financial results during the week of March 10. Analysts expect the company to report a loss of $0.18 per share.