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Redwire Corp. (NYSE:RDW) is one of the 10 Stocks Effortlessly Climbing Double-Digits.

Redwire extended its winning streak to a third consecutive day on Friday, jumping 13.94 percent to finish at $17.49 apiece, after bagging million-dollar contracts with two customers.

In a statement, Redwire Corp. (NYSE:RDW) said that it secured new orders from the US Army Aviation Center of Excellence (AVCOE) and an unnamed member country of the North Atlantic Treaty Organization (NATO) for its Stalker and Penguin UAS to support their aerial defense capabilities.

Photo from Redwire website

AVCOE alone boosted its Stalker orders by another $15 million to support its 1st Aviation Brigade. This brought the total order to $24.8 million and marked the third placement so far.

The Stalker UAS is designed with a Modular Open Systems Approach that enables rapid payload swapping and technical upgrades, reduces vendor lock, lowers lifecycle costs, and improves interoperability.

Meanwhile, Redwire Corp. (NYSE:RDW) also inked a “high eight-figure” contract with a NATO country for its Penguin Mk3 UAS as part of the latter’s modernization program of its tactical UAS capabilities.

Developed for rapid deployment, the Penguin Mk3 is a fully automated VTOL UAS that supports multiple mission-specific payloads, including reconnaissance, surveillance, and target acquisition, communications, and other mission-specific payloads within a compact, low-footprint system.

Before the new contracts, Redwire Corp. (NYSE:RDW) announced earlier this month that its order backlog for its customers has totaled $498.1 million, spanning across its multiple UAS products.

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