JACKSONVILLE, Fla. — Redwire Corporation shares rose 13.94% to close at $17.49 on May 22, 2026, on the New York Stock Exchange as investors responded to the company’s first-quarter financial performance and continued contract momentum in space infrastructure and national security programs.

The stock traded in a daily range between $15.12 and $17.60 with above-average volume. In after-hours trading, shares moved slightly higher to around $17.53.

Q1 2026 Financial Results

Redwire reported first-quarter 2026 revenue of $82.4 million, up 28% year-over-year. The growth was driven by increased activity in its space infrastructure and national security segments. Gross profit reached $22.1 million with a gross margin of 26.8%.

The company posted a net loss of $1.8 million, or $0.03 per share, narrowing from a larger loss in the prior-year period. Adjusted EBITDA improved to $8.7 million. Redwire ended the quarter with $412 million in total backlog, representing a book-to-bill ratio above 1.2.

Key Contract Wins

Redwire secured multiple new contracts in recent months. The company was awarded a follow-on contract from the U.S. Space Force for the Cyber Resilience Orbital Platform program. It also received additional orders under existing agreements for spacecraft components and in-space manufacturing technology.

In April 2026, Redwire announced a partnership expansion with a major defense prime contractor for advanced deployable structures. The company continues to support NASA missions, including contributions to Artemis program hardware and commercial low-Earth orbit platforms.

Analyst Views

Analysts have maintained positive coverage. Roth MKM reiterated a Buy rating with a $22 price target in mid-May. Benchmark maintained a Buy rating with a $20 target. Consensus price targets cluster around $18 to $24, reflecting expectations for continued growth in defense and commercial space sectors.

Company Background

Redwire Corporation provides space infrastructure, components and services for civil, commercial and national security customers. The company went public in 2022 through a SPAC merger and has expanded through organic growth and strategic acquisitions. Its portfolio includes solar arrays, deployable structures, avionics, sensors and in-space manufacturing capabilities.

Redwire operates facilities across the United States and Europe. The company has supported more than 150 space missions and maintains a growing presence in both government and commercial markets.

Market Position

Redwire operates in a space economy experiencing strong growth driven by increased defense spending, commercial satellite demand and exploration programs. The company competes with larger aerospace firms while focusing on specialized infrastructure and components. U.S. government initiatives, including those from the Space Force and NASA, have created opportunities for specialized providers.

Shares have shown significant volatility in 2026, trading in a 52-week range between approximately $8.50 and $24. The May 22 movement reflected renewed investor interest following quarterly results and contract announcements.

Strategic Initiatives

Redwire continues to invest in its in-space manufacturing and biotechnology platforms. The company has demonstrated 3D printing capabilities in orbit and is developing pharmaceutical manufacturing processes for microgravity environments. These technologies are positioned for both government and commercial applications.

The company maintains a disciplined approach to capital allocation, focusing on high-margin programs and backlog conversion. Management has highlighted opportunities in responsive space and resilient architectures for national security customers.

Outlook Factors

Redwire has guided for continued revenue growth in 2026 with expectations for improving profitability. The company’s backlog provides visibility into future quarters. Management has expressed confidence in executing on existing contracts while pursuing new opportunities in both defense and commercial sectors.

Upcoming milestones include potential additional contract awards and progress on current programs. Analysts will monitor gross margin trends, cash flow generation and execution against full-year guidance in subsequent reports.

Broader Industry Context

The space sector has seen increased investment in 2026, particularly in areas related to national security, satellite communications and in-orbit servicing. Redwire’s focus on infrastructure components aligns with these trends. The company benefits from bipartisan support for space programs in Congress and growing commercial interest in low-Earth orbit infrastructure.

This article was written by

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AGNC, NLY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

The death toll from a gas explosion at a coal mine in northern China’s Shanxi province has jumped to 90, state media CCTV reported on Saturday.

The gas explosion occurred late on Friday at the Liushenyu coal mine in ‌Qinyuan county, ⁠with ⁠247 workers on duty underground, state media Xinhua reported earlier in the day.

Chinese President Xi Jinping called for authorities to “spare no effort” in treating the injured and conducting search and rescue operations, while ordering a thorough investigation into the cause of the accident and ⁠strict accountability ‌in accordance with the law, according to Xinhua.

Premier Li Qiang echoed the instructions, calling ⁠for timely and accurate release of information and rigorous accountability.

Rescue operations were ongoing and the cause of the accident was under investigation, according to the local emergency management authority in Qinyuan.

China has significantly reduced coal mine fatalities – often caused by gas explosions or flooding – since the early 2000s ‌through more stringent regulations and safer practices. The Liushenyu incident, though, was one of the deadliest reported in ⁠China in the past decade.
Executives of the company responsible for the mine have been detained, Xinhua reported.Earlier Xinhua had reported only eight dead, with more than 200 people brought safely to the surface. It did not explain the jump in the death toll.

Market expert Sunil Subramaniam has advised investors to remain cautious in the near term amid rising geopolitical uncertainty, input cost pressures and the evolving impact of the ongoing global conflict on corporate earnings. While he remains constructive on select domestic themes such as consumer durables, premium consumption and capital goods, he believes the market could witness heightened volatility in the coming months, especially as the impact of rising crude and raw material costs begins to reflect in Q1 earnings.

Speaking to ET Now, Subramaniam said the recent rally in pharma stocks was partly aided by rupee depreciation, which boosted export-oriented companies. However, he warned against extrapolating recent quarterly earnings into the future as the current numbers do not fully capture the impact of higher input costs, especially for active pharmaceutical ingredients (APIs), freight and global supply disruptions caused by geopolitical tensions.

“The previous quarter is not reflective of the current situation,” he said, adding that investors should avoid reading too much into recent earnings announcements. According to him, the full impact of the global conflict will likely become visible only in the June quarter earnings season. As a result, he is not particularly bullish or bearish on the pharma sector at the moment and prefers a wait-and-watch approach.

Consumer Durables to do well, FMCG under margin pressure

On the consumption theme, Subramaniam expects consumer durables to outperform FMCG companies in the near term. He believes a strong summer season and robust demand for products such as air conditioners, refrigerators and premium automobiles could help consumer durable companies offset rising input costs through volume growth.

He explained that companies in this segment typically enjoy high operating leverage, meaning strong topline growth can cushion the impact of higher raw material prices. Rising crude prices, however, are expected to increase costs for inputs such as tyres, paints, steel and packaging materials.
For FMCG companies, he expects margin pressures to intensify in the current quarter due to rising prices of palm oil, fertilisers and other crude-linked raw materials. He pointed out that the previous quarter’s earnings were relatively protected because companies used lower-cost inventory accumulated earlier in the year.
Subramaniam said many FMCG firms are already responding by cutting advertising expenses and focusing more on premium products where margins are higher. However, he cautioned that companies may struggle to pass on higher costs to mass-market consumers, particularly if rural demand weakens due to an uneven monsoon.
He also expressed optimism about high-end retail and digital-first platform companies benefiting from India’s ongoing premiumisation trend. While he does not track individual stocks in the segment, he believes rising aspirations and stronger discretionary spending among affluent consumers could continue to drive growth in premium retail businesses.

Among sectors he currently favours, Subramaniam highlighted consumer durables and capital goods as his top investment themes. According to him, capital goods companies are relatively insulated from immediate geopolitical shocks and stand to benefit from continued government and private sector capital expenditure.

He said the government is unlikely to sharply reduce infrastructure spending despite fiscal pressures, while private capex is also gradually improving. He further noted that reconstruction demand in the Gulf region after the conflict could create additional opportunities for Indian capital goods exporters.

Why public banks may beat private ones

On banking, Subramaniam remains more positive on public sector banks (PSBs) than private lenders. He argued that the recent rally in private banks was largely driven by short covering rather than genuine buying conviction from foreign institutional investors (FIIs).

According to him, FIIs continue to remain cautious on India and their flows play a major role in determining the performance of large private banks. He added that with the Reserve Bank of India unlikely to cut rates in the near term — and discussions even emerging around possible rate hikes — the environment may not be favourable for private banks.

PSBs, on the other hand, are better positioned due to their stronger CASA deposits, improving asset quality and greater alignment with the capital expenditure cycle, he said.

Mid, smallcap rally driven by earnings

Subramaniam also shared his views on the broader market rally in midcap and smallcap stocks. He said the surge has been driven by a combination of strong earnings growth, abundant domestic liquidity and retail investor optimism following the sharp correction seen during the geopolitical selloff earlier this year.

He noted that many midcap and smallcap companies reported earnings growth of 30-40% in the previous quarter, helped partly by the fact that raw material cost increases had not yet fully impacted margins.

At the same time, strong mutual fund inflows and growing retail participation have continued to support valuations in the broader market. However, he warned that this momentum could come under pressure if geopolitical tensions worsen or if the RBI adopts a hawkish stance in its upcoming policy meeting.

June quarter earnings to shape market direction

According to Subramaniam, the June quarter earnings season beginning in July will be critical in determining the market’s next direction. If the war continues and higher costs start hurting margins significantly, broader markets could face pressure. However, if the geopolitical situation stabilises by then, investors may overlook weak quarterly earnings and focus instead on future recovery prospects.

Given this uncertainty, he advised moderate investors to maintain balanced portfolios with roughly equal exposure to largecaps and mid/smallcaps. More aggressive investors with a longer investment horizon can increase exposure to midcaps and smallcaps but should be prepared for elevated volatility.

He also identified sectors to avoid in the current environment. Energy stocks, according to him, are “too hot to handle” due to extreme volatility linked to crude price movements and geopolitical developments. He also remains cautious on information technology stocks because of persistent concerns around the impact of artificial intelligence on the sector’s long-term growth outlook.

On automobiles, Subramaniam maintained a positive long-term view but believes much of the good news is already priced into stocks after the recent rally. He advised investors to hold existing positions but monitor monthly sales trends, particularly rural demand, two-wheeler sales and entry-level car demand, before adding fresh exposure.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

LOS ANGELES — A source close to Brad Pitt and Angelina Jolie has claimed that Jolie conducted a campaign of alienation that has successfully turned their six children against Pitt.

The source told the Daily Mail: “There has been a campaign of alienation [by Jolie] which has been successful. The antagonism is huge. He has been alienated from the kids completely. It is devastating to him.”

Pitt and Jolie, who were married for two years and together for more than a decade, have been locked in a contentious divorce and custody battle since their separation in 2016. The couple shares six children: Maddox, Pax, Zahara, Shiloh, and twins Knox and Vivienne.

Graduation Absence

Pitt did not attend the recent college graduation of his daughter Zahara from Spelman College. A source told TMZ that nothing prevented him from attending the event. The source added: “Zahara’s mum and siblings, who have been involved over the four very special years, were present and cheering her and her Spelman sisters on.”

The source continued: “Nothing prevented him from showing up for her. Or ever visiting her. The day was about all she accomplished. Not whether he was willing to attend.”

Name Changes

Maddox Jolie-Pitt, the couple’s eldest son, dropped “Pitt” from his name in the credits of a recent film project. Shiloh Jolie also removed “Pitt” from her name in legal documents filed in 2023.

Ongoing Legal Battles

Jolie and Pitt continue to litigate several matters, including the ownership of Château Miraval, the French winery they purchased together in 2008. Jolie scored a legal win in that case in May 2026 when a Los Angeles court ruled in her favor on certain aspects of the dispute.

The former couple’s divorce proceedings have stretched for years. Pitt has visitation rights included in their divorce agreement, but sources close to the situation say contact with the children has been minimal in recent years.

Pitt’s Public Stance

Pitt has rarely spoken publicly about the estrangement. In previous interviews, he has expressed a desire to rebuild relationships with his children while acknowledging the difficulties following the high-profile split.

The actor continues to work in Hollywood, producing and starring in films through his Plan B Entertainment company. He has maintained a relatively low public profile regarding personal matters in 2026.

Jolie’s Activities

Angelina Jolie has focused on directing, acting and humanitarian work. She has appeared in several films and continues to advocate for children’s rights and refugee issues through her work with the United Nations and other organizations. She has also been involved in wine production at Miraval following the legal developments.

Background on the Relationship

Pitt and Jolie began their relationship in 2005 after meeting on the set of “Mr. & Mrs. Smith.” They announced their engagement in 2012 and married in 2014 in a private ceremony in France. Jolie filed for divorce in September 2016, citing irreconcilable differences.

The divorce has involved multiple court hearings, custody evaluations and property disputes. Both parties have been represented by high-profile legal teams throughout the process.

Children’s Current Status

The six children range in age from 14 to 24 as of May 2026. Several have pursued creative and academic interests. Zahara recently graduated from Spelman College. Maddox has worked in film production. Shiloh has shown interest in dance and modeling. The younger children, Knox and Vivienne, have appeared in some of Jolie’s film projects.

Public Interest

The Pitt-Jolie family situation continues to generate significant media coverage and public discussion. Sources close to both sides have periodically shared perspectives with entertainment outlets, though both Pitt and Jolie have largely avoided direct public commentary on the family dynamics in recent years.

The latest claims from Pitt’s associate highlight the ongoing emotional toll of the estrangement on the actor. The source described Pitt as devastated by the lack of relationship with his children.

This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in IONQ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Bitcoin is facing fresh selling pressure despite easing U.S.-Iran tensions and over $400 million wiped out from the crypto market in the past 24 hours. The cryptocurrency was trading at $75,398 mark witnessing a decline of nearly 3% in the past 24 hours.

Ethereum also declined 3% to trade at $2,061 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Hyperliquid and Cardano corrected upto 4.75%. The global crypto market capitalisation edged down 2.31% to $2.52 trillion, according to CoinMarketCap.

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WazirX Market’s Desk said Bitcoin and Ethereum remained under pressure this week as global macroeconomic concerns continued to dominate market sentiment, both recording weekly declines amid rising Treasury yields, persistent inflation concerns, and elevated oil prices driven by geopolitical tensions in the Middle East.

The broader risk-off environment weighed heavily on crypto investment products, which recorded net weekly outflows of over $1.07 billion and Bitcoin funds accounted for the majority of withdrawals, while Ether products also posted significant redemptions, ending a six-week streak of inflows, WazirX Market’s Desk further said.

In the past week, Bitcoin and Ethereum were down 4.31% and 7.15% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Cardano slipped upto 6.09% whereas Tron and Hyperliquid gained 3.02% and 31.46% respectively.
Piyush Walke, Derivatives Research Analyst, Delta Exchange said Bitcoin showed a second consecutive weekly loss, as easing U.S.-Iran tensions failed to revive sentiment in the crypto market. Continued outflows from Bitcoin ETFs and profit-booking after a U.S. Senate crypto bill breakthrough kept pressure on digital assets.
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Bitcoin’s decline also triggered fresh liquidations in leveraged positions, with over $400 million wiped out from the crypto market in the past 24 hours and going forward, crypto markets are expected to remain highly sensitive to U.S. inflation data, Fed rate expectations, ETF flows, and geopolitical developments, Walke said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)