Investing.com -- Redwire Corporation (NYSE: RDW ) shares surged 17.9% following the announcement that the company has successfully delivered the onboard computer for the European Space Agency’s (ESA) Comet Interceptor mission. The delivery marks a significant accomplishment for Redwire, as it reinforces its role in the next generation space economy and its involvement in high-profile space missions.

The onboard computer, developed by Redwire’s Belgian subsidiary Redwire Space NV, is a key component of the Comet Interceptor spacecraft, set to visit a pristine comet from the outer Solar System. Redwire’s Advanced Data and Power Management System (ADPMS-3) will play a crucial role in the mission by controlling spacecraft components and managing data transmission to Earth.

Redwire President of Civil and International Space Business, Mike Gold, expressed pride in reaching this milestone with partners OHB Italy and ESA. Gold highlighted the company’s 25-year flight heritage and avionics expertise as pivotal to supporting ambitious space missions in Europe and beyond.

The successful delivery follows rigorous acceptance testing, including vibration, thermal vacuum, and electromagnetic compatibility tests. The onboard computer’s next steps include integration and a final acceptance review at OHB Italia headquarters. The Comet Interceptor is slated for a 2029 launch and will also support ESA’s Hera mission, which is part of an international planetary defense collaboration.

This achievement underscores Redwire’s extensive experience in spaceflight, with its European facility contributing over 40 years to spacecraft platform development and ESA program support. The company’s track record includes the reliable operation of the Proba mission series and ongoing support for other critical ESA projects, such as the International Berthing and Docking Mechanism for the lunar Gateway and the Proba-3 precision formation flying mission.

Investors reacted positively to the news, as the stock movement reflects confidence in Redwire’s capabilities and future prospects within the space industry. The company’s consistent performance in delivering technology for ESA programs continues to bolster its reputation and market position.

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