Could Redwire Be the Next Rocket Lab?

Redwire is expanding beyond its core space technology business into defense with strong Q2 results showing 90% revenue growth and a $542 million backlog, positioning it as a potential growth story similar to Rocket Lab. However, both companies face execution risks—Redwire must convert growth into sustainable profits while Rocket Lab delays its Neutron rocket launch to 2027, pressuring its stock.