Redwire wins contract to supply drone system to Taiwan Coast Guard

Redwire Corporation (NYSE: RDW) announced it has been awarded a contract through Taiwan Color Optics, Inc. (TCO), a subsidiary of SemiLux International Ltd., to deliver its Penguin Mk2.5 VTOL Uncrewed Aerial System to the Taiwan Coast Guard.

The contract, described as Tranche 1 of the program, covers the deployment of long-endurance uncrewed systems for maritime surveillance and law enforcement missions. The Penguin Mk2.5 is a vertical takeoff and landing aircraft equipped with electro-optical and infrared payloads designed for intelligence, surveillance, and reconnaissance operations.

Josh Stinson, Co-President and Chief Growth Officer of Redwire Defense Tech, said the aircraft is "field proven for successful execution of all-weather monitoring and advanced intelligence, surveillance, and reconnaissance operations."

According to the company's press release, the platform can be rapidly deployed in harsh or contested environments and is capable of conducting day and night missions, including tracking small moving objects.

Redwire, headquartered in Jacksonville, Florida, employs approximately 1,400 people across North America and Europe.

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