Q2 FY2026 Earnings Presentation

INVESTOR UPDATE Q2 2026

AUGUST 6, 2026

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 business is subject, and the potential material adverse effect of any failure to comply with such laws and regulations; (39) the potential impact on our reputation and ability to do business resulting from improper conduct of our employees, agents or business partners; (40) failure to comply with federal, state and foreign laws and regulations relating to privacy, data protection and consumer protection, or the expansion of current or enactment of new laws or regulations relating to privacy, data protection and consumer protection, and the resulting adverse effect on our business and financial condition;

(41) changes in tax laws or regulations and the resulting increase in tax uncertainty and adverse effect on our results of operations and effective tax rate; (42) failure to adequately protect our intellectual property rights; (43) potential violations of third-party proprietary rights by our technology; (44) failure to obtain necessary additional funding; (45) the possibility of sales of a substantial amount of our common stock by our current stockholders; (46) the inability to remain in compliance with the continued listing requirements of the New York Stock Exchange; (47) the issuance of additional common stock or other equity securities and the resulting dilution of our shareholders' ownership interests; (48) volatility in the trading price of our common stock; (49) our existing material weaknesses and the identification of material weaknesses of other deficiencies or failure to maintain effective internal controls over financial reporting and (50) other risks and uncertainties described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and those indicated from time to time in other documents filed or to be filed with the Securities and Exchange Commission by Redwire. The forward-looking statements contained in this Presentation are based on our current expectations and beliefs concerning future developments and their potential effects on us. If underlying assumptions to forward-looking statements prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated, estimated, or projected. The forward-looking statements contained in this Presentation are made as of the date of this Presentation, and Redwire disclaims any intention or obligation, other than imposed by law, to update or revise any

forward-looking statements, whether as a result of new information, future events, or otherwise. Persons reading this Presentation are cautioned not to place undue reliance on forward-looking statements.

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, Adjusted EPS and Free Cash Flow.

Non-GAAP financial measures are used to supplement the financial information presented on a U.S. GAAP basis and should not be considered in isolation or as a substitute for the relevant U.S. GAAP measures and should be read in conjunction with information presented on a U.S. GAAP basis. Because not all companies use identical calculations, our presentation of Non-GAAP measures may not be comparable to other similarly titled measures of other companies. We encourage investors and stockholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

Adjusted EBITDA is defined as net income (loss) adjusted for interest expense, net, income tax expense (benefit), depreciation and amortization, impairment expense, transaction expenses, acquisition integration costs, acquisition earnout costs, purchase accounting fair value adjustment related to deferred revenue and inventory, severance costs, capital market and advisory fees, disposal of long-lived assets, litigation-related expenses, equity-based compensation, committed equity facility transaction costs, debt financing costs and extinguishment losses, gains on sale of joint ventures, net of costs incurred, and warrant liability change in fair value adjustment.

Adjusted Gross Profit is defined as revenues less cost of sales as computed in accordance with U.S. GAAP, excluding adjustments resulting from the application of purchase accounting included in cost of sales and Adjusted Gross Margin is defined as Adjusted Gross Profit as a percentage of revenue. Management believes these non-GAAP measures provide investors meaningful insight into results from ongoing operations as the calculation of these measures excludes the impact of certain non-recurring charges. Management believes that by using Adjusted Gross Margin in conjunction with GAAP Gross Margin, investors will get a more complete view of what management considers to be the Company's core operating performance and allow for comparison of this measure when compared to those of prior periods.

Adjusted EPS is defined as GAAP diluted earnings per share (the most directly comparable U.S. GAAP measure) before transaction expenses, acquisition integration costs, purchase accounting adjustments, litigation expenses, equity-based consideration, debt financing costs and extinguishment losses and changes in fair value of private warrants, adjusted to assume the Company's Convertible Preferred Stock does not exist. Adjusted EPS is a useful measure because it eliminates the impact of items that do not relate to business performance and provides additional information to investors about certain material non-cash and unusual items that we do not expect to continue at the same level in the future.

Free Cash Flow is computed as net cash provided by (used in) operating activities less capital expenditures.

We use Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Margin, and Adjusted EPS to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. We use Free Cash Flow as an indicator of liquidity to evaluate our period-over-period operating cash generation that will be used to service our debt, and can be used to invest in future growth through new business development activities and/or acquisitions, among other uses. Free Cash Flow does not represent the total increase or decrease in our cash balance, and it should not be inferred that the entire amount of Free Cash Flow is available for discretionary expenditures, since we have mandatory debt service requirements and other non-discretionary expenditures that are not deducted from this measure.

KEY PERFORMANCE INDICATORS

Management uses Key Performance Indicators ("KPIs") to assess the financial performance of the Company, monitor relevant trends and support financial, operational and strategic decision-making. Management frequently monitors and evaluates KPIs against internal targets, core business objectives as well as industry peers and may, on occasion, change the mix or calculation of KPIs to better align with the business, its operating environment, standard industry metrics or other considerations. If the Company changes the method by which it calculates or presents a KPI, prior period disclosures are recast to conform to current presentation.

TRADEMARKS

This Presentation contains trademarks, service marks, tradenames and copyrights of Redwire and other companies, which are the property of their respective owners. The use herein does not imply an affiliation with, or endorsement by, the owners of these trademarks, service marks and tradenames. Third-party logos herein may represent past customers, present customers or may be provided simply for illustrative purposes only. Inclusion of such logos does not necessarily imply affiliation with or endorsement by such firms or businesses. There is no guarantee that Redwire will work, or continue to work, with any of the firms or businesses whose logos are included herein in the future.

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AGENDA

1. Q2 2026

   Highlights

   Chris Edmunds

   CHIEF FINANCIAL OFFICER

1. Financial Results & FY26 Outlook

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Q2 2026 HIGHLIGHTS

Peter Cannito,

Chairman, CEO, and President

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Q2 2026 Highlights

Q2 2026 HIGHLIGHTS

DELIVERING GROWTH

+89.6%

Year-over-year increase to record revenues of $117.1M

$542.1M

Record Backlog1, bolstered by Book-to-Bill1 ratio of 1.42x

27.8%

Record gross margins, disciplined execution

$607.8M

Total liquidity2, balance sheet enables strategic investments

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1Book-to-Bill and Backlog are "Key Performance Indicators." Please refer to the Appendix of this Presentation for additional information.

2Total liquidity of $607.8 million as of June 30, 2026 is comprised of $557.0 million in cash and cash equivalents, $50.0 million in available borrowings from our existing credit facilities, and $0.8 million in restricted cash.

Q2 2026 Highlights

REDWIRE INVESTMENT FRAMEWORK

DISCIPLINED INVESTMENT EXECUTION TO DRIVE SHAREHOLDER VALUE

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Q2 2026 Highlights

EXPANDING U.S. MANUFACTURING

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1Construction has already begun on the Huntsville expansion, with building expected to be completed by Q4 2027.

Q2 2026 Highlights

REDWIRE VALUE DRIVERS

SPACE

DEFENSE TECH

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Q2 2026 Highlights

NEXT-GEN SPACECRAFT

SELECTED FOR SPACE SYSTEMS COMMAND $980M+ "NITE-STAR" IDIQ

In July 2026, Redwire was selected as one of 15 vendors to be awarded an indefinite-delivery/indefinite-quantity ("IDIQ") contract for National Space Test and Training Complex Innovative Technology and Engineering -Space Test and Range ("NITE-STAR") Capability Development.

POSITIONING REDWIRE TO DELIVER CRITICAL SPACECRAFT & DIGITAL CAPABILITIES FOR NATIONAL SECURITY TESTING & TRAINING

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Q2 2026 Highlights

LARGE SPACE INFRASTRUCTURE

ROSA TECHNOLOGY TO SUPPORT NASA'S PIONEERING SPACE-REACTOR-1 FREEDOM MARS MISSION

The two ROSA wings will generate an unprecedented 60kW of power - the most powerful ROSA wings ever built. They were originally developed through a contract with Intuitive Machines to support the Power and Propulsion Element of the NASA-led Lunar Gateway. Launching in 2028, SR-1 Freedom will conduct trailblazing solar electric and nuclear propulsion demonstrations while delivering innovative scientific payloads to Mars.

ADVANCING POWER SOLUTIONS FROM SPACECRAFT IN ORBIT TO EMERGING LUNAR INFRASTRUCTURE AND BEYOND

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Credit: NASA

Q2 2026 Highlights

MICROGRAVITY DEVELOPMENT

IN JULY 2026, SPACEMD SIGNED HISTORIC AGREEMENT TO PURCHASE AN ENTIRE SPACEX STARFALL SPACECRAFT, ENABLING FIRST OF ITS KIND COMMERCIAL MISSION

SpaceMD's inaugural Starfall mission is slated for launch in late 2028 and is expected to have the capacity to carry up to 32 PIL-BOXes, making it the largest dedicated commercial microgravity research mission in history. This agreement, builds on the success of the more than 50 PIL-BOXes launched to the ISS since the inaugural PIL-01 mission in November 2023.

CREATING A SCALABLE NEW PATHWAY TO ACCELERATE COMMERCIAL MICROGRAVITY PHARMACEUTICAL OPERATIONS

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Credit: SpaceX

Q2 2026 Highlights

COMBAT-PROVEN UAS

AWARDED HIGH EIGHT-FIGURE, MULTI-YEAR CONTACT TO DELIVER PENGUIN MK3 UAS

The contract, from an undisclosed NATO country, is part of a multi-year modernization program for the country's UAS capabilities. Redwire's Penguin Mk3 builds on years of operational, combat experience to deliver a scalable, adaptable solution aligned with the demands of modern defense environments.

BRINGING A FORWARD-LOOKING APPROACH TO TACTICAL UAS MODERNIZATION

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Q2 2026 Highlights

SENSORS & PAYLOADS

DELIVERED NEARLY 200 OCTOPUS ISR PAYLOADS YEAR-TO-DATE, A 15%+ INCREASE YEAR-OVER-YEAR

Announced two new Octopus products, the E140 MWIR and E180 HD MWIR during the quarter.

Together, these products strengthen Redwire's position in the ISR market by delivering long-range detection performance, reduced size, weight, and power, and improved platform flexibility across a broad range of UAS missions.

ACCELERATING DELIVERIES OF OUR PROVEN SOLUTIONS IN SUPPORT OF THE WARFIGHTER

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FINANCIAL RESULTS & FY26 OUTLOOK

Chris Edmunds,

Chief Financial Officer

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Financial Results & FY26 Outlook

Q2 FY26 REVENUE

$117.1

$61.8

$55.2

$56.7

$61.9

$120.0

$100.0

$80.0

$60.0

$40.0

$20.0

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$-

Q2 FY25 Revenue Q2 FY26 Revenue

Financial Results & FY26 Outlook

Q2 FY26 PROFITABILITY

40.0%

30.0%

20.0%

10.0%

-% (10.0)%

(20.0)%

(30.0)%

(40.0)%

27.8%

(30.9)%

Q2 FY25 Gross Margin Q2 FY26 Gross Margin

Gross Profit Net Income Adj. EBITDA1

Consolidated $(19.1)M $(97.0)M $(27.4)M

Gross Profit Net Income Adj. EBITDA1

$32.5M $(41.0)M $(3.2)M

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1Adjusted EBITDA is not a measure of results under generally accepted accounting principles in the United States. Please refer to the Appendix of this Presentation for additional information.

Financial Results & FY26 Outlook

LIQUIDITY &

CAPITAL STRUCTURE

$700.0

$600.0

$500.0

$400.0

$300.0

$200.0

$100.0

$-

$607.8

$195.7

$113.6

$78.6

$35.0

$48.9

$557.8

Q2 FY25 Total Liquidity Q2 FY26 Total Liquidity

Cash, cash equivalents, and restricted cash Available borrowings Total Debt

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1Total liquidity of $607.8 million as of June 30, 2026 is comprised of $557.0 million in cash and cash equivalents, $50.0 million in available borrowings from our existing credit facilities, and $0.8 million in restricted cash.

Financial Results & FY26 Outlook

BACKLOG & BOOKINGS

$498.1

$411.2

increase

of 8.8%

$329.5

$355.6

$291.2

BACKLOG1

Sequential

$542.1

Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026

CONTINUED MOMENTUM WITH BACKLOG1 TO SUPPORT FY26 GROWTH & OPERATIONS

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1Backlog and Book-to-Bill are "Key Performance Indicators." Please refer to the Appendix of this Presentation for additional information.

Financial Results & FY26 Outlook

FY26 OUTLOOK

$550.0

$500.0

$450.0

$400.0

$350.0

$300.0

$250.0

$200.0

$150.0

$100.0

$50.0

$-

$335.4

$500.0

FY26

projected revenue range

FY25 FY26

Recorded Revenue Guidance

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