Redwire Corporation (NYSE: RDW), a leader in space infrastructure, saw its stock soar 5.25% in pre-market trading on Tuesday. This rally was fueled by the company's announcement of a significant contract award from the U.S. Air Force Research Laboratory (AFRL).

Redwire secured a $45.5 million, five-year cost-plus-fixed-fee contract from AFRL's Space Vehicles Directorate. The contract aims to support the development and testing of prototype software and hardware for mission-critical space technologies. These include large deployable structures, thermal management capabilities, payload accommodations, and improved analysis and testing methods.

According to Adam Biskner, President of Redwire Space Systems, the contract demonstrates the company's commitment to supporting AFRL's mission of developing and transitioning space technologies to enhance space-based capabilities for the warfighter. Redwire's expertise in mechanical, structural, and thermal technologies for satellite and space launch applications will be crucial in executing this contract.