Slide 1: Investor Update Q1 2026
INVESTOR UPDATE Q1 2026 MAY 7, 2026 Credit: NASA | Photo taken with a Redwire camera during Artemis II.
Slide 2: Use of Data, Use of Projections, Cautionary Statement
USE OF DATA Industry and market data used in this Presentation have been obtained from third-party industry publications and sources, are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section as well as from research reports prepared for
Slide 3: Cautionary Statement Regarding Forward-Looking Statements (Continued)
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS (CONTINUED) (continued from prior slide) (38) the wide variety of extensive and evolving government laws and regulations to which our Adjusted Gross Profit is defined as revenues less cost of sales as computed in accordance with U.S. GAAP, ex
Slide 4: Agenda
AGENDA 1. Q1 2026 Highlights Peter Cannito CHAIRMAN, CHIEF EXECUTIVE OFFICER, & PRESIDENT 2. Financial Results & FY26 Outlook Chris Edmunds CHIEF FINANCIAL OFFICER 4 Redwire | Q1 2026 Investor Update
Slide 5: Q1 2026 Highlights
Q1 2026 HIGHLIGHTS Peter Cannito, Chairman, CEO, and President 5 Redwire | Q1 2026 Investor Update The appearance of U.S. Department of War visual information does not imply or constitute DOW endorsement.
Slide 6: Q1 2026 Highlights: Strong Demand for Our Differentiated Products
Q1 2026 Highlights Q1 2026 HIGHLIGHTS STRONG Strong bookings profile drove a Book-to-Bill ratio1 of 1.92x DEMAND FOR Ended the quarter with record Contracted Backlog1 of $498.1M OUR DIFFERENTIATED Year-over-year improvement in gross margin from 14.7% in Q1 2025 to 26.6% in Q1 2026 PRODUCTS Investing
Slide 7: Redwire Value Drivers
Q1 2026 Highlights REDWIRE VALUE DRIVERS SPACE NEXT-GENERATION SPACECRAFT VLEO GEO LARGE SPACE INFRASTRUCTURE ROSA ELSA IBDM MICROGRAVITY DEVELOPMENT PIL-BOX BIOFABRICATION FACILITY DEFENSE TECH COMBAT-PROVEN UAS STALKER PENGUIN SENSORS & PAYLOADS OPTICS RF 7 Redwire | Q1 2026 Investor Update
Slide 8: Next-Gen Spacecraft: Andromeda IDIQ
Q1 2026 Highlights NEXT-GEN SPACECRAFT SELECTED FOR SPACE SYSTEMS COMMAND $1.8B+, 10-YEAR ANDROMEDA IDIQ In April 2026, Redwire was selected as one of 14 vendors from a total of 32 bids to be awarded an indefinite-delivery/indefinite- quantity ("IDIQ") contract for the Andromeda contract vehicle, wh
Slide 9: Next-Gen Spacecraft: Quantum-Secure Spacecraft Contract
Q1 2026 Highlights NEXT-GEN SPACECRAFT AWARDED CONTRACT TO DELIVER A QUANTUM-SECURE SPACECRAFT Awarded a contract to develop a quantum-secure satellite under ESA's QKDSat. As part of a multi- country consortium that includes Honeywell Aerospace, Redwire will manufacture and deliver its European-buil
Slide 10: Large Space Infrastructure: ELSA Wings Contract
Q1 2026 Highlights LARGE SPACE INFRASTRUCTURE AWARDED $12.8M CONTRACT TO DELIVER ELSA WINGS TO MOOG, INC. This marks the first sale of Redwire’s ELSA, a new high-performance, low-mass solar array product.The ELSA wings will be integrated with Moog’s METEOR satellite bus in support of a Low Earth Orb
Slide 11: Microgravity Development
Q1 2026 Highlights MICROGRAVITY DEVELOPMENT RECEIVED AN ADDITIONAL $4M FROM NASA TO SUPPORT DRUG DEVELOPMENT INVESTIGATIONS ON THE ISS This additional funding expands an existing task order under a $25M, five-year IDIQ through NASA's In Space Production Applications Program (InSPA). During the quart
Slide 12: Combat-Proven UAS: Marine Corps Award
Q1 2026 Highlights COMBAT-PROVEN UAS AWARDED $20M+ FOR MARINE CORPS AIR PMO FAMILY OF SMALL UAS TEAM This award, in support of the Long Range Tactical Program of Record, encompasses the Marine Corps’ first acquisition of Redwire’s Advanced Navigation version of the Stalker Block 30 UAS. These new sy
Slide 13: Combat-Proven UAS: Stalker NGC2 Integration
Q1 2026 Highlights COMBAT-PROVEN UAS INTEGRATING OF STALKER WITH THE U.S. ARMY'S NEXT GENERATION COMMAND AND CONTROL (NGC2) AT IVY STING During the quarter, Stalker continued integration efforts with the U.S. Army’s NGC2 tactical network during the Ivy Sting exercises, further integrating the platfo
Slide 14: Sensors & Payloads: Artemis II
Q1 2026 Highlights SENSORS & PAYLOADS REDWIRE'S ADVANCED IMAGING & NAVIGATION TECHNOLOGY ENABLED ARTEMIS II MISSION Building on heritage from Artemis I, Redwire provided Artemis II with a camera system, comprised of 11 internal and external inspection and navigation cameras as well as 4 Coarse Sun S
Slide 15: Accelerating Investment
Q1 2026 Highlights ACCELERATING INVESTMENT FUNDING OUR INVESTMENT, $(9.2)M $12.6M Q1 2026 Q1 2026 NOT LOSSES Adjusted EBITDA1 R&D Expense REDWIRE IS INCREASING INVESTMENT IN 6 CRITICAL OPPORTUNITIES: • VLEO (SabreSat and Phantom) • QKDSat (Quantum Secure Constellation) • Maneuverable, refuelable GEO
Slide 16: Financial Results & FY26 Outlook
FINANCIAL RESULTS & FY26 OUTLOOK Chris Edmunds, Chief Financial Officer 16 Redwire | Q1 2026 Investor Update Credit: NASA | Photo taken with a Redwire camera during Artemis II.
Slide 17: Q1 FY26 Revenue
Financial Results & FY26 Outlook Q1 FY26 $120.0 REVENUE $100.0 $97.0 $80.0 +57.9% $44.3 $61.4 $60.0 $9.3 Year-over-year increase in Q1 revenue $40.0 $52.1 $52.7 $20.0 With 20.7% Civil, 47.4% National Security, and 31.9% Commercial and other revenue in Q1 2026 $— Q1 FY25 Revenue Q1 FY26 Revenue 17 Re
Slide 18: Q1 FY26 Profitability
Financial Results & FY26 Outlook Q1 FY26 30.0% 26.6% PROFITABILITY 25.0% 20.0% 26.6% 14.7% 15.0% 10.0% Q1 Gross Margin 5.0% —% Q1 FY25 Q1 FY26 Operational performance and portfolio management drove meaningful year- over-year and sequential gross margin Gross Profit Net Income Adj. EBITDA1 Gross Prof
Slide 19: Liquidity & Capital Structure
Financial Results & FY26 Outlook LIQUIDITY & $200.0 CAPITAL STRUCTURE $175.2 $30.0 $150.0 DURING Q1 2026, REDWIRE IMPROVED CASH FROM OPERATIONS , $130.2 ENDING WITH RECORD TOTAL LIQUIDITY OF $175.2M1 $35.0 $100.0 $145.2 • During the quarter, the company amended its remaining credit agreement extendi
Slide 20: Backlog & Bookings
Financial Results & FY26 Outlook BACKLOG & BOOKINGS $186.5M 1.92x $571.8M 1.54x Q1 2026 Bookings Q1 2026 Book-to-Bill1 LTM Q1 2026 Bookings LTM Q1 2026 Book-to-Bill1 BACKLOG1 $498.1 Sequential $411.2 increase of 21.1% $355.6 $329.5 $291.2 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 CONTINUED MOMENTUM WI
Slide 21: FY26 Outlook
Financial Results & FY26 Outlook FY26 OUTLOOK $550.0 $500.0 FY26 $500.0 projected $450M- revenue $450.0 range $450.0 $400.0 $350.0 $300.0 $250.0 $335.4 $500M Affirming the FY26 projected revenue $200.0 range $150.0 $100.0 $50.0 $— Implies 41.6% year-over-year revenue FY25 FY26 growth at the midpoint
Slide 22: Q&A
Q&A
Slide 23: Appendix
Q1 2026 Appendix 23 Redwire | Q1 2026 Investor Update
Slide 24: Q1 2026 Quarter-to-Date Performance
Appendix Q1 2026 QUARTER-TO-DATE PERFORMANCE Three Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) March 31, 2026 March 31, 2025 year period year period Revenues $ 96,972 $ 61,395 $ 35,577 58 % Cost of sales 71,164 52,354 18,810 36 Gross profit 25,808 9,041
Slide 25: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION Three Months Ended March 31, March 31, Adjusted EBITDA (in thousands) 2026 2025 Adjusted EBITDA is not a measure of results under generally accepted accounting Net income (loss) $ (76,502) $ (2,948) principles in the United States. Interest expense, net 2,4
Slide 26: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION Three Months Ended (in thousands) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 i. Redwire incurred acquisition costs including due diligence, integration costs and Net income (loss) $ (2,948) $ (96,979) $ (41,152) $ (85,473) $ (76,502) additional expenses relate
Slide 27: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION Three Months Ended (in thousands) March 31, 2026 March 31, 2025 Net cash provided by (used in) operating activities $ (6,666) $ (45,081) Less: Capital expenditures (6,036) (4,055) Free Cash Flow Free Cash Flow $ (12,702) $ (49,136) Free Cash Flow is compute
Slide 28: Key Performance Indicators
Appendix KEY PERFORMANCE INDICATORS March 31, December 31, (in thousands) 2026 2025 Contracted Backlog Organic backlog, beginning balance $ 333,690 $ 296,652 We view growth in backlog as a key measure of our business growth. Contracted backlog Organic additions during the period 122,530 257,318 repr
Slide 29: Key Performance Indicators
Appendix KEY PERFORMANCE INDICATORS Three Months Ended Last Twelve Months Ended (in thousands, except ratio) March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025 Contracts awarded Book-to-Bill Ratio Space $ 114,567 $ 53,707 $ 298,622 $ 217,387 We view book-to-bill as an indicator of future re