Redwire Corporation ( RDW ) shares are trading higher on Wednesday. On Tuesday, the company disclosed that it had signed a memorandum of understanding (MOU) with ispace technologies-U.S., inc. at the 40th Space Symposium.

The NASA CLPS contract, valued at up to $2.6 billion through 2028, supports the creation of a lunar economy through commercial deliveries of NASA science.

The companies plan to collaborate on commercial lunar exploration and science missions for NASA’s CLPS initiative and other clients.

Notably, Redwire ( RDW ) is one of 14 prime contractors, and together with ispace-U.S., will pursue future CLPS missions using the APEX lunar lander.

Mike Gold, President of Civil and International Space at Redwire ( RDW ) said, “The combination of Redwire’s advanced digital engineering, integration and testing, and lunar subsystems and payloads with ispace’s proven lunar landing platform and mission operations creates a world-class team to support the future of humanity’s operations on the lunar surface and beyond.”

Elizabeth Kryst, CEO of ispace-U.S added, “With significant heritage from the previous ispace lunar missions, as well as its growing footprint in the United States, ispace-U.S. is uniquely positioned to instill confidence in pursuing future commercial lunar exploration and science missions to help build a cis-lunar economy,”

Last month, Redwire ( RDW ) won a NASA contract to launch four additional pharmaceutical drug investigations to the International Space Station using the company’s innovative Pharmaceutical In-space Laboratory (PIL-BOX).

Investors can gain exposure to the stock via Global X Cybersecurity ETF ( BUG ) .

Price Action: RDWR shares are up 29.60% to $9.89 at the last check on Wednesday.

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