Redwire Corporation

Climate Impact & Sustainability Data (2021, 2021-03, September 30, 2021)

Redwire is committed to recruiting, retaining and promoting a diverse workforce. We support several organizations supporting diversity in the aerospace field, such as: the Brooke Owens Fellowship, the Matthew Isakowitz Fellowship, and the ZED Factor Fellowship program.
At Redwire, Inclusion is a core value. We are implementing programs that celebrate the diversity of our workforce and highlight the contributions of under-represented communities.

Uncertainty around the timing of U.S. government funding, and program execution delays related to COVID-19, impacted our customers and programs.
The single award to SpaceX, protest by Blue Origin and Dynetics, and the subsequent voluntary stay of work by NASA have significantly delayed any work that would have been available to Redwire on that program.
increasing costs associated with transitioning to operating as a publicly listed company, impacted our second half performance.
The COVID-19 pandemic has disrupted certain aspects of our operations and may adversely impact our business operations and financial results, including our ability to execute on our business strategy and goals.
delays or disruptions in our supply chain; delays in the launch or execution of certain of our customers’ projects; and a decrease of our operational efficiency in the development of our systems, products, technologies and services.
stress in our supplier base inside and outside the U.S., which is tied to global supply chain constraints, labor shortages and inflationary pressures globally.

Our pandemic crisis response plan remains activated to protect the health and safety of our team members, families, customers, and communities, while continuing to meet our commitments to customers.
Our mitigation strategies cover employee preparation, travel, security, supply chain, the ability to work virtually offsite, facility preparation and communications.
we continue to diligently follow safety protocols, including social distancing, alternating shifts, temperature checks, deep cleaning facilities and employee isolation strategies for essential personnel working at our sites.
we are encouraging employees to receive COVID-19 vaccinations.
identified a plan to execute certain cost reduction actions including, among others, integration-related workforce rationalizations, real estate synergies, business unit optimization initiatives, and cost savings associated with certain Corporate level employment costs.

Restatement of previously issued audited balance sheet and audited financial statements due to a change in treatment of warrants in accordance with a statement issued by the SEC.

The company is working diligently to complete the Form 10-Q and expects to file it within five calendar days of the required due date.

Climate Change Data