Business
Redwire Stock Surges 11% as New NFL Drone Partnership Fuels Defense and Space Momentum
NEW YORK — Redwire Corp. shares jumped sharply in morning trading Wednesday, rising 11.36 percent to $11.46 as investors reacted positively to the company’s announcement of a multi-year marketing partnership with the Washington Commanders NFL team to highlight military appreciation and drone technology.
The New York Stock Exchange-listed stock (RDW) gained $1.17 by 11:10 a.m. EDT on elevated volume, continuing a pattern of strong moves tied to Redwire’s expanding footprint in defense, unmanned systems and space infrastructure. The partnership positions Redwire as the “Proud Drone Technology Partner” of the Commanders, focusing on community events and programs honoring U.S. service members, veterans and their families.
Redwire Corporation, a global leader in space infrastructure and defense technology, develops advanced components and systems for satellites, spacecraft, uncrewed aerial vehicles and mission-critical applications. The company has built a diverse portfolio through organic growth and strategic acquisitions, including Edge Autonomy, which has strengthened its unmanned systems capabilities.
The Commanders partnership, announced early Wednesday, underscores Redwire’s growing emphasis on public engagement and brand visibility in the defense sector. While not a direct revenue contract, the deal aligns with Redwire’s broader strategy of showcasing its drone and autonomous systems technology while supporting military communities. The timing coincides with a series of recent contract wins that have bolstered investor confidence in the company’s 2026 growth trajectory.
Just last week, Redwire secured more than $20 million in follow-on orders from the U.S. Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program Office for its Stalker UAS advanced navigation and standard systems. These orders highlight demand for reliable, production-ready unmanned platforms in tactical environments.
Redwire has also expanded internationally. On April 7, the company announced the opening of a new office in the United Kingdom to better support programs for the UK Ministry of Defence. The move strengthens Redwire’s European presence and positions it for additional defense opportunities across NATO allies.
Earlier in April, Redwire won a contract to deliver a quantum-secure spacecraft for the European Space Agency’s QKDSat program under the ARTES Partnership Projects. The company will provide its Hammerhead spacecraft platform and ADPMS-3 avionics suite as part of a Honeywell-led consortium, advancing quantum key distribution technology for secure satellite communications.
These wins build on a robust 2025 performance. Redwire reported full-year revenue of approximately $335 million, up more than 10 percent, with a fourth-quarter surge of 56 percent driven by defense and space contracts. The company ended the year with a record backlog of $411 million and a book-to-bill ratio above 1.3, providing visibility into 2026 growth. Analysts project 2026 revenue between $450 million and $500 million, supported by production ramps and new programs.
Redwire’s technology portfolio spans multiple high-growth areas. In space, it supplies solar arrays, cameras, sensors and docking systems for NASA’s Artemis program, including contributions to the Orion spacecraft for Artemis II — the first crewed flight of the program. The company also develops very low Earth orbit platforms and quantum-secure satellites.
On the defense side, Redwire’s Edge Autonomy division delivers uncrewed aerial systems for intelligence, surveillance and reconnaissance missions. The Stalker UAS orders reflect increasing adoption of these platforms by U.S. forces. Redwire has additionally secured positions in larger programs, including the Missile Defense Agency’s $151 billion SHIELD IDIQ contract for homeland defense solutions.
Despite the positive momentum, Redwire faces typical challenges of a growth-oriented aerospace and defense firm. The company has reported ongoing operating losses as it invests in scaling production and integrating acquisitions. Recent Form 144 filings have shown large share sales by affiliated holders, including AE Red Holdings and Edge Autonomy entities, which contributed to periodic selling pressure.
Analysts maintain a generally bullish outlook. Consensus price targets hover around $13 to $14, implying meaningful upside from current levels, with a Buy rating from most covering firms. The investment thesis centers on Redwire’s role as a “picks and shovels” provider in the expanding space economy and defense modernization efforts. Increasing global demand for resilient satellite infrastructure, autonomous systems and secure communications plays directly into the company’s strengths.
Wednesday’s stock surge reflects renewed enthusiasm for these themes. The NFL partnership adds a unique public-facing element, potentially raising Redwire’s profile among broader audiences while reinforcing its commitment to supporting the military community.
Redwire CEO Peter Cannito has emphasized the company’s transformation into a more production-focused organization capable of delivering repeatable, high-margin programs. The combination of government contracts, international expansion and innovative technologies such as quantum-secure systems positions Redwire for potential margin improvement as backlog converts to revenue.
Market reaction has been volatile but directionally positive in recent weeks. Shares have climbed significantly year-to-date, though they remain well below the 52-week high reached earlier in 2026. Elevated trading volume on positive news days suggests strong retail and institutional interest in the AI-adjacent space and defense narrative.
As Redwire prepares for its first-quarter 2026 earnings in early May, investors will watch for updates on backlog conversion, margin trends and new contract momentum. Positive execution could sustain the rally, while any delays in production ramps or integration challenges could introduce renewed volatility.
For now, the 11 percent gain on the Commanders partnership news highlights Wall Street’s appetite for stories linking defense technology with national pride and community impact. Redwire’s ability to deliver on its ambitious pipeline will determine whether today’s momentum becomes a lasting re-rating or another chapter in its volatile trading history.
The company continues to navigate a dynamic environment shaped by increased defense spending expectations, growing commercial space opportunities and geopolitical tensions that elevate demand for resilient infrastructure. With a diversified technology base and expanding global footprint, Redwire appears well-placed to capitalize on these tailwinds in the years ahead.
Business
Altimmune prices $225 million public offering at $3 per share

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How Will Concussion Affect His Performance in the Playoffs?
SAN ANTONIO — Victor Wembanyama’s frightening face-first fall in the second quarter of Game 2 has left the San Antonio Spurs without their franchise cornerstone and raised serious questions about how a concussion will impact the towering 7-foot-4 phenom’s play if and when he returns in the 2026 NBA playoffs.
Wembanyama suffered a diagnosed concussion after tumbling hard to the court following contact with Portland Trail Blazers guard Jrue Holiday during a drive to the basket Tuesday night. He exited with just 12 minutes played, recording five points, four rebounds, one block and one assist, and did not return as the Blazers stole a 106-103 road victory to knot the Western Conference first-round series at 1-1.
The injury occurred at the 8:57 mark of the second quarter when Wembanyama spun around Holiday, lost his balance and slammed face-first onto the hardwood. He remained down for several seconds, appeared dazed while struggling to stand and jogged directly to the locker room after a timeout. Spurs coach Mitch Johnson confirmed postgame that Wembanyama had a concussion and was placed in the NBA’s concussion protocol.
Under league guidelines, Wembanyama cannot engage in full participation for at least 48 hours from the time of injury and must remain symptom-free while progressing through a stepwise return-to-play process. He can begin gradual activity after 24 hours if symptoms do not worsen, followed by monitored exertion levels, non-contact drills and eventual clearance from both the team physician and the NBA’s concussion protocol director. Further testing was scheduled for Wednesday.
The timeline puts Game 3 on Friday in Portland in serious doubt. Many observers, including ESPN’s Stephen A. Smith, believe a return for Game 3 is highly unlikely. A more realistic target appears to be Game 4 on Sunday or, more conservatively, Game 5 next Tuesday back in San Antonio. Average NBA concussion recovery spans about seven to 10 days, though individual cases vary based on symptom severity.
For a player of Wembanyama’s unique physical profile, even a mild concussion carries amplified risks. The 22-year-old’s extraordinary height means any fall generates significant force upon impact, potentially affecting balance, coordination and spatial awareness — all critical to his game. Concussions commonly cause headaches, dizziness, sensitivity to light or noise, slowed reaction times, impaired concentration and reduced cognitive processing, symptoms that could blunt Wembanyama’s elite shot-blocking, perimeter defense and stretch-big scoring.
In the regular season, Wembanyama anchored the Spurs’ defense while emerging as a versatile offensive threat capable of scoring inside, draining threes and facilitating. His playoff debut in Game 1 was electric: a franchise-record 35 points on 13-for-21 shooting, including five threes, plus five rebounds and two blocks in a 111-98 victory. Without him in the second half of Game 2, San Antonio’s interior defense softened, allowing Portland to exploit mismatches and mount a late rally.
Veteran Luke Kornet stepped in at center and delivered a solid 10 points and nine rebounds in 28 minutes, but the drop-off from Wembanyama’s rim protection and switchability was evident. The Spurs’ young supporting cast, including rising talents like Stephon Castle, showed flashes but lacked the gravitational pull Wembanyama provides.
Medical experts note that returning too soon from a concussion can prolong recovery or lead to second-impact syndrome, a rare but dangerous condition. The NBA’s protocol emphasizes caution, particularly in the heightened intensity of playoffs where physicality and fatigue rise. Wembanyama’s history includes a recent rib contusion late in the regular season, though that injury was unrelated.
Spurs leadership has stressed patience. “We’ll take the proper and appropriate steps,” Johnson said. “It’s tough, but health comes first.” Team officials have not ruled out Wembanyama traveling with the squad to Portland, but his on-court status remains fluid pending daily evaluations.
The absence reshapes the series dynamics. Portland, seeded seventh, seized momentum by capitalizing on San Antonio’s diminished frontcourt. Blazers players and coaches expressed concern for Wembanyama’s health while acknowledging the opportunity. If Wembanyama misses multiple games, Portland’s path to an upset brightens considerably, forcing the Spurs to rely more heavily on perimeter scoring and collective defense.
Historically, NBA teams missing star players to concussion in the postseason have mixed results. Some recover quickly and return stronger; others experience lingering effects that subtly erode performance — missed rotations on defense, delayed help-side help, or hesitation on drives. For Wembanyama, whose game relies on length, anticipation and fluid movement, any residual dizziness or neck stiffness could limit his trademark chase-down blocks or step-back threes.
Broader concussion awareness in the NBA has improved, with stricter protocols implemented over the years following high-profile cases. Players like former stars who dealt with repeated head trauma have spoken publicly about long-term cognitive concerns, though Wembanyama’s situation appears isolated to this single incident.
Fan reaction on social media and in San Antonio has been one of worry mixed with optimism for a swift recovery. The Frost Bank Center crowd Tuesday night fell silent during the sequence, a stark contrast to the electric atmosphere of Game 1 when Wembanyama’s playoff arrival felt like a coronation.
If cleared, Wembanyama’s return could swing momentum back to the Spurs, who finished the regular season with the Western Conference’s second-best record behind their superstar. His presence transforms San Antonio from a promising young team into a legitimate contender capable of making noise beyond the first round.
Yet the injury underscores the fragility of even the most physically gifted athletes in a grueling playoff grind. The series now shifts to Portland’s Moda Center, where the Blazers will look to build on their Game 2 resilience. San Antonio must find answers without its defensive anchor, testing the depth and composure of a roster still gaining postseason experience.
Medical updates will dominate the narrative over the next 48 hours. Should symptoms resolve quickly, Wembanyama could rejoin the lineup feeling fresh after enforced rest. More persistent effects might sideline him longer, forcing the Spurs into survival mode.
Wembanyama himself has projected confidence and maturity throughout his young career. In interviews before the series, he spoke of embracing the playoff stage and learning from every moment. How he navigates this health challenge will add another layer to his rapid ascent from French prospect to NBA superstar.
For now, the Spurs face an immediate test of resilience. Portland smells blood in the water after even the series, while San Antonio must adapt without its most irreplaceable piece. The coming days will reveal not only Wembanyama’s recovery timeline but also the depth of a franchise built around his extraordinary potential.
As the Western Conference playoffs intensify, one thing remains clear: the Spurs’ championship aspirations hinge heavily on their towering French star staying healthy and performing at the level that has already rewritten expectations in San Antonio. A prolonged absence could turn a promising postseason into an early exit, while a timely return might ignite a deeper run.
The basketball world watches closely, hoping for a full recovery that allows Wembanyama to showcase his generational talent on the biggest stage without compromise.
Business
Japan’s Nikkei reverses below 60,000 level as profit-taking steps in

Japan’s Nikkei reverses below 60,000 level as profit-taking steps in
Business
Asia’s Clean Energy Boom Reshapes the Global Power Sector and Unlocks a $15 Billion Market
Asia is rewriting the rules of the global energy system. The region’s record-breaking expansion of solar power has now pushed clean electricity generation past its own demand growth, triggering what analysts describe as the sharpest annual decline in fossil-fuel electricity production this century.
Key takeaways
- Asia’s record solar expansion has driven the biggest annual fall in fossil-fuel electricity generation this century, with China and India both recording declines in fossil power for the first time.
- Asia’s green technology and sustainability market is on track to more than double from $6.4 billion in 2024 to nearly $15 billion by 2032, growing at 11.3% annually.
- IoT and green buildings are leading the technology shift, backed by sweeping government policies like China’s 14th Five-Year Plan and India’s rapid build-out of renewable energy capacity.
Simultaneously, the continent is becoming the epicentre of a fast-growing green technology market projected to nearly double in value by 2032.
Together, the two trends are pointing toward a structural, not merely cyclical, shift in how the world’s most populous region powers its economies.
A Historic Turn in the Power Sector
According to reporting by Nikkei Asia, Asia’s record increase in solar power generation last year helped clean power surpass the region’s electricity demand growth, resulting in the largest annual decline in fossil-fuel generation this century.
The scale of that achievement is difficult to overstate. Asia accounts for the bulk of the world’s coal consumption and, until recently, remained the principal driver of rising global emissions. That the region is now leading the retreat from fossil fuels, outpacing Europe and North America, marks a dramatic reversal.
The shift is being driven by a handful of large economies acting in concert. China and India, historically the largest contributors to the global rise in fossil power, both recorded a fall in fossil generation in 2025. In both countries, record clean power additions outpaced demand growth. This brought net growth in global fossil generation to a halt, a milestone that appeared distant only a few years ago.
Solar power has been the decisive technology. Solar power cemented its role as the dominant driver of change in the global power sector, with its record growth meeting three-quarters of the net rise in electricity demand in 2025.
The momentum extends well beyond China and India. Asia started its electricity transition later than other regions, but is catching up fast. The share of solar and wind energy in Asia is now almost equal to the world average, and the share of renewables in Asia’s electricity mix reached 29% in 2024.
A Green Tech Market Racing to Keep Pace
The power sector transition is not happening in isolation. It is being accompanied by a broader surge in demand for green technology and sustainability solutions across industry, urban infrastructure, and agriculture.
According to market research firm P&S Intelligence, the Asian green technology and sustainability market was $6,415.9 million in 2024 and will reach $14,944.7 million by 2032, growing at 11.3% during 2025 to 2032. That trajectory would see the market more than double in under a decade.
The forces driving this expansion are partly environmental, partly economic, and partly regulatory. Asia’s position as a major carbon emitter has intensified the demand for green technology solutions. Over the past few years, Asia, particularly China, has emitted carbon at an alarming rate, driven by rapid economic growth and energy consumption. Among all the sources, coal accounted for approximately 15.4 billion metric tonnes of emissions in 2023. That environmental pressure has catalysed consumer demand for eco-friendly products and given decisive impetus to companies offering green solutions across the region.
Government policy is adding structural momentum. China’s 14th Five-Year Plan (2021 to 2025) aims to reduce emission intensity by 18% and sets a reduction target of 13.5% for energy intensity over a period of five years. Similar initiatives across Asia are demonstrating strong governmental commitment to sustainability.
India, meanwhile, is building out its renewable infrastructure at a striking pace. India’s installed renewable energy capacity reached 201.45 GW in October 2024, making up 46.3% of the country’s total installed power generation capacity.
Technology Is at the Core
The green technology market is not simply about solar panels and wind turbines. Increasingly, it encompasses a sophisticated ecosystem of digital tools, including IoT sensors, artificial intelligence, cloud computing platforms, and carbon monitoring software, that together are enabling industries to reduce their environmental footprints in real time.
IoT technology accounted for the largest revenue share in 2023, at 42.6%, and is anticipated to continue leading the market. Cloud infrastructure is also gaining ground rapidly, with adoption rising due to its ability to optimise energy resources and integrate seamlessly with IoT devices across geographies.
The green buildings category held the largest market share in 2024, due to the rising commercialisation and industrialisation in Asia, which has increased building construction to meet business and residential needs. Green buildings, which use recyclable materials and energy-efficient systems, including solar panels, have become the primary application segment for these technologies.
The Road Ahead
The convergence of record-breaking clean power generation and a rapidly expanding green technology market suggests Asia’s energy transition has moved beyond the demonstration phase into one of industrial-scale deployment.
The future of the global power system is being shaped in Asia, with China and India at the heart of the energy transition.
Yet the region’s scale means that challenges remain formidable. Electricity demand across Asia is rising sharply, driven by data centres, electric vehicles, and the electrification of heating and industry. Sustaining a clean-power surplus above that demand growth will require continued investment and continued political will.
For now, the data tells a story that would have seemed improbable at the start of this decade: Asia, long regarded as the world’s most stubborn fossil-fuel dependency, is leading the planet’s most consequential energy transition.
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Gina Rinehart has described as a “national crisis and disgrace” the number of homeless veterans and war heroes in Australia, as Hancock Prospecting announced a $200 million commitment to buy them homes.
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Private banks to see a higher rise in NPAs than public peers in FY27
AgenciesThe divergence reflects private banks’ higher exposure to unsecured retail and MSME advances, which have been the primary source of stress across the sector. ICRA flags that the stress is increasingly concentrated in the MSME and retail segments, with the rural economy seen as bearing the brunt. The ongoing West Asia conflict adds a further layer of uncertainty, with potential job losses — particularly in the IT sector — flagged as a watch item for personal loan performance.
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Threads Debuts ‘Live Chats’ For Users to Join During Live Events, Starting with the NBA Playoffs
Meta is now giving Threads users a chance to engage in real-time conversations and discussions regarding a specific topic with “Live Chats,” a new feature that is now rolling out to the platform.
The new feature will initially see a limited run, beginning with the NBA Threads community to allow users discuss the ongoing first round of the NBA Playoffs.
Threads Debuts ‘Live Chats’ to Discuss Ongoing Events
Meta announced that it is rolling out a new feature called Live Chats to test its capabilities to deliver a new channel for Threads users to air out their comments or thoughts on a certain live event as they unfold.
According to Meta, the test will first make Live Chats available to the NBA Threads community, with members given the chance to host live chat sessions during different games in the NBA Playoffs.
The social media platform said that users may see a “live chat” as they scroll their feed, and they may choose to view it and take part by tapping “Join Chat.”
As many as 150 users are allowed to join a single Live Chat session, which includes engaging features like chats, reactions, poll votes, and more on the mobile platform.
Meta First Rolls Out Live Chats for the NBA Playoffs
The Playoffs season has gotten many users and fans riled up on online platforms like Meta’s Threads, and the company is now giving them the chance to air out their opinions and takes for others to read and respond to via this new Live Chats feature.
According to Meta, Live Chats are public, but hosts may choose to limit those who can send messages by setting the session to “invite-only.”
The test will launch starting April 23 for specific Playoffs games in the league, starting with the Cleveland Cavaliers and Toronto Raptors’ second first round game that is heading to the Scotiabank Arena.
Users may check out the specific schedules of Live Chat sessions on the NBA Threads community, hosted by designated Threads users.
Live Chats is one of the community engagement features of Threads, with the company previously launching a way for creators to promote and discuss their shows directly on the platform via the Threads for Podcasts feature.
Originally published on Tech Times
Business
Iran Claims ‘Impossible’ to Reopen Strait of Hormuz Due to ‘Flagrant’ Ceasefire Violations by US

The speaker of the Iranian parliament has said that reopening the Strait of Hormuz is “impossible.”
Mohammad Bagher Ghalibaf blames this on the “flagrant” breaches of the ceasefire by the US government. US President Donald Trump previously declared that he was extending the ceasefire indefinitely.
Ghalibaf Claims ‘Impossible’ to Reopen Hormuz
According to a report by The Guardian, Ghalibaf took to social media to say that the US and Israel “did not achieve their goals through military aggression, nor will they through bullying.”
Ghalibaf counts the US naval blockade as breach of the ceasefire both parties agreed on. He likewise accused the US of “the hostage-taking of the world’s economy” and “Zionist warmongering.”
The report notes that Iran has seized two ships in the Strait of Hormuz. One is the Panama-flagged MSC Francesca, while the other is the Liberia-flagged Epaminondas. Iran has accused both ships of “attempting to exit the strait of Hormuz covertly.”
The Guardian notes that the Epaminondas is Greek-operated, leading to Greece’s foreign minister confirming that there had been an attack against a Greek-owned cargo ship.
Aside from the seizure of these two ships, Iran had also fired on a third ship in the strait, according to a report by 9News.
The report states that the Revolutionary Guard attacked a third ship, which has since been identified as the Euphoria. Iranian media has claimed that the Euphoria is now reportedly “stranded” on the Iranian coast.
Will Iran Participate in Any Peace Talks?
Iran’s Foreign Ministry spokesperson Esmail Baghaei has said that the country has not decided if it will participate in fresh peace talks initiated by the US.
Baghaei went on to accuse the US of “disregard and lack of good faith” in negotiations.
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