Slide 1: Redwire 101: Q4 and FY25
REDWIRE 101 Q4 and FY25 MARCH 2026
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, as well as from research reports prepared for other purposes. Redwire has not independently verified the data obtained are made in reliance on the safe harbor provisi
Slide 3: Cautionary Statement (Continued) and Non-GAAP Financial Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS (CONTINUED) (continued from prior slide) (37) the fact that provisions in our Certificate of Designation with respect to our Series A is defined as Adjusted Gross Profit as a percentage of revenue. Management believes these non-GAAP measures
Slide 4: Redwire 101: Proven and Operating Now
Redwire 101 REDWIRE 101: PROVEN AND OPERATING NOW 2 VLEO Prime Contracts 300K Flight Hours 100+ Stalker/Penguin BUILDING THE FUTURE for DARPA's Otter in the U.S. and for the combat-proven Stalker UAS delivered in 2025, subsequent to OF AEROSPACE ESA's Skimsat in Europe series the Edge Autonomy acqui
Slide 5: Redwire 101: Who Are Our Customers?
Redwire 101 REDWIRE 101: WHO ARE OUR CUSTOMERS? REDWIRE EXECUTED FOR MORE THAN 170 CUSTOMERS IN 2025 REDWIRE CUSTOMERS HAVE INCLUDED: 5 Redwire | March 2026 Redwire 101
Slide 6: Redwire Value Drivers
Redwire 101 REDWIRE VALUE DRIVERS SPACE DEFENSE TECH Next-Gen Large Space Microgravity Combat- Sensors & Spacecraft Infrastructure Development Proven UAS Payloads VLEO / GEO ROSA / IBDM PIL-BOX / BioFabrication Facility Stalker / Penguin Optics / RF 6 Redwire | March 2026 Redwire 101
Slide 7: Next-Gen Spacecraft
Redwire 101 NEXT-GEN SPACECRAFT WE BUILD NEXT-GENERATION SPACECRAFT WITH KEY CAPABILITIES SUCH AS AI, QKD, AND MANEUVERABILITY KEY PRODUCTS • VLEO: SabreSat (U.S.-built), Phantom (Belgium-built) • LEO: Thresher (U.S.-built), Hammerhead (Belgium-built) • MEO/GEO: Mako (U.S.-built) FUTURE GROWTH • VLE
Slide 8: Large Space Infrastructure
Redwire 101 LARGE SPACE INFRASTRUCTURE WE PROVIDE BUILDING BLOCKS FOR CRITICAL SPACE INFRASTRUCTURE LIKE SPACE STATIONS AND MOON/MARS EXPLORATION KEY PRODUCTS • Roll-Out Solar Array (ROSA) • Extensible Low-Profile Solar Array (ELSA) • International Berthing and Docking Mechanism (IBDM) FUTURE GROWTH
Slide 9: Microgravity Development
Redwire 101 MICROGRAVITY DEVELOPMENT WE ARE A GLOBAL LEADER IN MICROGRAVITY WITH DECADES OF HERITAGE AND 100S OF EXPERIMENTS FLOWN KEY PRODUCTS • Pharmaceutical In-space Laboratory – Bio-crystal Optimization eXperiments (PIL-BOX) • BioFabrication Facility (BFF) FUTURE GROWTH • Pharma has a <10% succ
Slide 10: Combat-Proven UAS
Redwire 101 COMBAT-PROVEN UAS WE SUPPLY COMBAT-PROVEN AUTONOMOUS UAS SYSTEMS, BUILT IN THE U.S. AND EUROPE TO THE WARFIGHTER KEY PRODUCTS • Stalker Series UAS • Penguin Series UAS FUTURE GROWTH • From Unleashing American Drone Dominance to the European Drone Defence Initiative, in-region capability
Slide 11: Sensors & Payloads
Redwire 101 SENSORS & PAYLOADS SUPPORTING MULTI-DOMAIN MISSIONS WITH AVIONICS OF CHOICE FROM AIRBORNE RSTA TO MOON-TO-MARS KEY PRODUCTS • Octopus Gimbals • Radio Frequency (RF) Payloads FUTURE GROWTH • Growing UAV EO/IR Sensor opportunity: forecasted to grow from ~$1.6B in FY23 to ~$4.8B in FY32; a
Slide 12: Redwire 101: We Have a History of M&A
Redwire 101 REDWIRE 101: WE HAVE A HISTORY OF M&A September 2021 Public Platform June 2020 Established Made In February 2021 March 2020 Space Deployable June 2025 Adcole Space Acquisition of Edge Maryland Systems November 2021 Autonomy closed December 2020 Aerospace Techshot Platform Consolidation L
Slide 13: Redwire 101: How Do We Make Money?
Redwire 101 REDWIRE 101: HOW DO WE MAKE MONEY? ILLUSTRATIVE OVER TIME CONTRACT REDWIRE RECOGNIZES REVENUE UNDER POINT IN TIME AND OVER TIME METHODS POINT IN TIME Launch • Revenue is recognized when the asset is transferred to the customer • 19.7% of Contracted Backlog1 as of December 31, 2025 OVER T
Slide 14: Redwire 101: Development on Contract
Redwire 101 REDWIRE 101: DEVELOPMENT ON CONTRACT1 DEVELOPMENT ON CONTRACT SELF-FUNDED DEVELOPMENT Illustrative Scenario: Development contract with expected CRAD Illustrative Scenario: Invest in IRAD to develop a product Portfolio of Portfolio of Single Development Single IRAD IRAD Contract Contracts
Slide 15: Redwire 101: Where Are We Located?
Redwire 101 REDWIRE 101: WHERE ARE WE LOCATED? 23 locations1 in North America… …and 5 locations in Europe 15 Redwire | March 2026 Redwire 101 1As of December 31, 2025. Subsequent to year-end 2025, only one facility remains in Indiana and Michigan, respectively.
Slide 16: Redwire 101: Financial Summary
Redwire 101 REDWIRE 101: FINANCIAL SUMMARY Revenue ($M) Gross Margin and Adjusted Gross Margin1 (%) $125.0 40.0% $108.8 $103.4 27.1% $100.0 20.0% 14.7%14.7% 16.3% 9.6% 9.6% $69.6 6.6% 6.6% $75.0 $61.4 $61.8 —% $50.0 (20.0)% $25.0 (27.0)% (30.9)% $— (40.0)% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4
Slide 17: Redwire 101: FY25 Revenue Diversification
Redwire 101 REDWIRE 101: FY25 REVENUE DIVERSIFICATION Revenue by Segment ($M) Revenue by Recognition Revenue by Customer Revenue by Customer Method (%) Grouping ($M) Geographic Location ($M) $14.1 $72.5 4.2% $105.6 21.6% $125.6 34% 31.5% 37.4% $125.3 37.4% $195.9 $209.8 58.4% 62.6% 66% $157.2 46.9%
Slide 18: Appendix
Q4 2025 Appendix 18 Redwire | March 2026 Redwire 101
Slide 19: Tech Spotlight: VLEO Spacecraft
Redwire 101 TECH SPOTLIGHT: VLEO SPACECRAFT POWER AVAILABLE SabreSat: U.S.-built VLEO platform designed for performance, endurance and cost- Up to 5,000 W OAP (EOL) effectiveness ORBITAL ALTITUDE > 150 km ◦ Designed to operate for up to 7 years and can be produced in volume to meet the needs of larg
Slide 20: Tech Spotlight: Stalker UAS Series
Redwire 101 TECH SPOTLIGHT: STALKER UAS SERIES CEILING Stalker Block 30: Combat-proven, All-electric VTOL UAS; operates in highly contested 4,572m / 15,000ft AGL environments, including GPS-denied and jamming LOS COMMUNICATIONS RANGE ◦ Silent flight operations; high TRL/MRL with 300,000+ flight hour
Slide 21: Tech Spotlight: Penguin UAS Series
Redwire 101 TECH SPOTLIGHT: PENGUIN UAS SERIES Penguin C Mk2: Combat-proven, rail-launched variant provides long-endurance ISR CEILING 4,000m / 13,000ft capability at competitive pricing MAX TAKEOFF WEIGHT 25kg / 55lb ◦ High TRL/MRL technology, operating in highly contested environments, including G
Slide 22: Q4 2025 Quarter-to-Date Performance
Appendix Q4 2025 QUARTER-TO-DATE PERFORMANCE Three Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) December 31, 2025 December 31, 2024 year period year period Revenues $ 108,794 $ 69,560 $ 39,234 56 % Cost of sales 98,296 64,937 33,359 51 Gross profit 10,498
Slide 23: 2025 Year-to-Date Performance
Appendix 2025 YEAR-TO-DATE-PERFORMANCE Year Ended $ Change from prior % Change from prior ($ in thousands, except percentages) December 31, 2025 December 31, 2024 year period year period Revenues $ 335,381 $ 304,101 $ 31,280 10 % Cost of sales 318,096 259,646 58,450 23 Gross profit 17,285 44,455 (27
Slide 24: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION Three Months Ended Year Ended December December December December (in thousands) 31, 2025 31, 2024 31, 2025 31, 2024 Net income (loss) $ (85,473) $ (67,169) $ (226,552) $ (114,311) Interest expense, net 6,073 3,946 39,704 13,483 Adjusted EBITDA Income tax e
Slide 25: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION i. Redwire incurred acquisition costs including due diligence, integration costs and Three Months Ended additional expenses related to pre-acquisition activity. (in thousands) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 ii. Redwire adjusted inventory related to
Slide 26: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION Three Months Ended Year Ended December 31, December 31, December 31, December 31, (in thousands) 2025 2024 2025 2024 Net cash provided by (used in) operating activities $ (24,262) $ 7,064 $ (177,331) $ (17,348) Free Cash Flow Less: Capital expenditures (5,8
Slide 27: Key Performance Indicators
Appendix KEY PERFORMANCE INDICATORS December 31, December 31, (in thousands) 2025 2024 Contracted Backlog Organic backlog, beginning balance $ 296,652 $ 372,790 We view growth in backlog as a key measure of our business growth. Contracted backlog Organic additions during the period 257,318 229,789 r
Slide 28: Key Performance Indicators
Appendix KEY PERFORMANCE INDICATORS Three Months Ended Last Twelve Months Ended (in thousands, except December 31, December 31, December 31, December 31, ratio) 2025 2024 2025 2024 Contracts awarded Space $ 110,861 $ 31,010 $ 237,761 $ 184,370 Book-to-Bill Ratio Defense Tech 54,010 4,738 203,717 45,
Slide 29: Glossary
Appendix GLOSSARY Acronym Definition Acronym Definition AFRL Air Force Research Laboratory ITAR International Traffic in Arms Regulations AGL Above Ground Level LEO Low Earth Orbit AI Artificial Intelligence LOS Line of Sight BFF BioFabrication Facility LRR Long Range Reconnaissance COGS Cost of Goo