Slide 1: Redwire 101
Redwire 101 November 2025 1. Insert Footnote
Slide 2: Use of Data; Cautionary Statement Regarding Forward-Looking Statements
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 from these sources and cannot assure you of the
Slide 3: Non-GAAP Financial Information
Non-GAAP Financial Information This Presentation contains financial measures that have not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). These financial measures include Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Margin and Free Ca
Slide 4: Redwire 101: Proven and Operating Now
Redwire 101: Proven and Operating Now ~50 Years 2 VLEO Prime Contracts Next-Gen Next-Gen combined flight time without Spacecraft Spacecraft for DARPA’s Otter in the U.S. and failure for PROBA missions ESA’s Skimsat in Europe 6 iROSA Wings Large Large 100% Success Rate installed on the ISS, with 2 Sp
Slide 5: Redwire 101: Who Are Our Customers?
Redwire 101: Who Are Our Customers? 1. Insert Footnote We’ve served these customers...and many more! 5
Slide 6: Redwire 101: What Are Our Value Drivers?
Redwire 101: What Are Our Value Drivers? Next-Gen Large Space Microgravity Combat-Proven Sensors & Spacecraft Infrastructure Development UAS Payloads VLEO / GEO ROSA / IBDM SpaceMD Stalker / Penguin Optics / RF We build next- We provide building We are a global leader We supply combat- We support mu
Slide 7: Differentiators: Next-Gen Spacecraft
Next-Gen Spacecraft Differentiators • Existing funded customers • First mover advantage with two advanced VLEO designs • Classified personnel and facilities Q3 2025 Proof Point • In Q3, became the prime contractor for the European Space Agency's VLEO Skimsat program, leveraging Redwire's Phantom spa
Slide 8: Tech Spotlight: VLEO Spacecraft
Tech Spotlight: VLEO Spacecraft POWER AVAILABLE SabreSat: U.S.-built VLEO platform designed for performance, endurance and Up to 5,000 W OAP (EOL) cost-effectiveness ORBITAL ALTITUDE > 150 km • Designed to operate for up to 7 years and can be produced in volume to meet the needs of large constellati
Slide 9: Differentiators: Large Space Infrastructure
Large Space Infrastructure Differentiators • ROSA heritage on the ISS, DART, Maxar's Ovzon 3, and more • Key supplier for ROSA and IBDM on funded contracts from customers • Protected IP such as Roll-Out design Q3 2025 Proof Point • Awarded a contract to develop and deliver ROSA wings for Axiom Stati
Slide 10: Differentiators: Microgravity Development
Microgravity Development Differentiators • 100s of microgravity experiments conducted • Proven PIL-BOX IP • Existing funded customers (commercial, government, and international) Q3 2025 Proof Point • Launched 14 PIL-BOXes to the ISS in Q3 bringing our total to 42 PIL-BOXes to-date, studying 35 uniqu
Slide 11: Differentiators: Combat-Proven UAS
Combat-Proven UAS Differentiators • Stalker is proven, with ~20 years of heritage and 300K+ flight hours • All-electric Stalker VTOL is silent, payload agnostic with 30+ third party payloads integrated, and has extended endurance of 18+ hours • Delivered more than 200 Penguin aircraft to Ukraine Arm
Slide 12: Tech Spotlight: Stalker UAS Series
Tech Spotlight: Stalker UAS Series Stalker Block 30: Combat-proven, All-electric VTOL UAS; operates in highly CEILING 4,572m / 15,000ft AGL contested environments, including GPS-denied and jamming • Silent flight operations; high TRL/MRL with 300,000+ flight hours LOS COMMUNICATIONS RANGE Up to 160k
Slide 13: Tech Spotlight: Penguin UAS Series
Tech Spotlight: Penguin UAS Series Penguin C Mk2: Combat-proven, rail-launched variant provides long-endurance CEILING 4,000m / 13,000ft ISR capability at competitive pricing MAX TAKEOFF WEIGHT 25kg / 55lb • High TRL/MRL technology, operating in highly contested environments, including GPS-denied an
Slide 14: Differentiators: Sensors & Payloads
Sensors & Payloads Differentiators • Decades of heritage; delivered thousands of space-based sensors & payloads, including antennas, sun sensors, star trackers, and cameras • More than 400 Octopus gimbals delivered to the Ukraine Armed Forces • Compatible with wide variety of UAS platforms Q3 2025 P
Slide 15: Redwire 101: We Have a History of M&A
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 LoadPath 2020
Slide 16: Redwire 101: Where Are We Located?
Redwire 101: Where Are We Located? A Scaled, Global Space & Defense Technology Presence With 19 locations1 in North America… …and 4 locations1 in Europe Location # of Facilities AL 1 CA 5 CO 4 FL 2 IN 1 MA 1 Location # of Facilities MI 1 Belgium 1 NM 1 Latvia 1 VA 2 Luxembourg 1 Canada 1 Poland 1 1.
Slide 17: Redwire 101: How Do We Make Money?
Redwire 101: How Do We Make Money? ◦ Redwire recognizes revenue under Point in Time and Over Time methods Example Over Time Contract ◦ Point in Time: ▪ Revenue is recognized when the asset is transferred to the customer ▪ 26.0% of backlog1 as of September 30, 2025 Launch ◦ Over Time: ▪ Revenue is ba
Slide 18: Redwire 101: Financial Summary
Redwire 101: Financial Summary Revenue Growth Gross Margin Expansion $120.0 40.0% $103.4 30.0% 27.1% $100.0 20.0% 16.3% 14.7% 14.7% $80.0 $69.6 10.0% 6.6% 6.6% $61.4 $61.8 $60.0 —% (10.0)% $40.0 (20.0)% $20.0 (30.0)% (27.0)% (30.9)% $— (40.0)% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2024 Q1 2025 Q2 2025
Slide 19: Redwire 101: Revenue Diversification
Redwire 101: Revenue Diversification Q3 2025 Revenue by Recognition Method, Customer Grouping, and Geographic Location Revenue by Revenue by Revenue by Recognition Method (%) Customer Grouping ($M) Geographic Location of Customer ($M) $8.9 $18.2 $26.6 48.6% $32.5 51.4% $62.1 $58.6 Over time Point in
Slide 20: Appendix
* App Peg 2 endix: —
Slide 21: Supplemental Non-GAAP Information
Supplemental Non-GAAP Information Three Months Ended Nine Months Ended Adjusted EBITDA September 30, September 30, September 30, September 30, Adjusted EBITDA is not a measure of results under generally accepted (in thousands) 2025 2024 2025 2024 accounting principles in the United States. Net incom
Slide 22: Supplemental Non-GAAP Information, Continued
Supplemental Non-GAAP Information, Continued i. Redwire incurred acquisition costs including due diligence, integration costs and Three Months Ended additional expenses related to pre-acquisition activity. Acquisition deal costs was (in thousands) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 reclassified
Slide 23: Supplemental Non-GAAP Information, Continued
Supplemental Non-GAAP Information, Continued Three Months Ended Nine Months Ended Free Cash Flow September 30, September 30, September 30, September 30, Free Cash Flow is computed as net cash provided by (in thousands) 2025 2024 2025 2024 (used in) operating activities less capital expenditures. The
Slide 24: Key Performance Indicators
Key Performance Indicators Contracted Backlog We view growth in backlog as a key measure of our business growth. Contracted backlog represents the estimated dollar value of firm funded executed contracts for which work September 30, June 30, December 31, (in thousands) 2025 2025 2024 has not been pe
Slide 25: Glossary
Glossary Acronym Definition Acronym Definition AFRL Air Force Research Laboratory LOS Line of Sight AGL Above Ground Level LR/LE Long Range/Long Endurance AI Artificial Intelligence LRR Long Range Reconnaissance ATAK Android Team Awareness Kit M&A Mergers & Acquisitions BLOS Beyond Line of Sight MOS