Redwire Climbs 14.3% in Six Months: Is the Stock Still a Buy?

Redwire Corporation (RDW) has gained 14.3% over six months, outperforming its industry decline of 15.1%, driven by Defense Tech expansion following the Edge Autonomy acquisition and rising backlog to $542.1M. However, the company faces continued losses ($117.5M in H1 2026), elevated R&D costs, and contract execution risks. Trading at a premium valuation (4.89X forward P/S vs. industry 2.36X), the stock is rated a Hold with new investors advised to wait for better entry points.