Redwire Corporation ( RDW ) shares are trading higher after the company disclosed that it delivered the onboard computer for the European Space Agency's (ESA) Comet Interceptor mission.

The system was developed by Redwire's ( RDW ) wholly owned Belgian subsidiary, Redwire Space NV, under a contract with OHB Italia S.p.A.

Serving as the mission’s central processing unit, the onboard computer is part of Redwire's ( RDW ) advanced third-generation Advanced Data and Power Management System (ADPMS-3).

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The device is responsible for managing the spacecraft's subsystems and relaying critical information back to mission control.

ESA's Comet Interceptor will be the first spacecraft to encounter a comet originating from the outermost parts of the solar system, providing a rare opportunity to study untouched material from the early solar system.

Notably, the delivery follows a comprehensive acceptance testing campaign, which includes vibration, thermal vacuum, and electromagnetic compatibility tests.

Mike Gold, Redwire ( RDW ) President of Civil and International Space Business, said, “With 25 years of flight heritage, a strong track record of success, and the Redwire ( RDW ) team’s unparalleled avionics expertise, Redwire’s ADPMS-3 is a critical, enabling technology for today’s most ambitious European and multinational space missions.”

Last week, the company secured a contract from SpaceTech GmbH to supply essential avionics systems for ESA’s Next Generation Gravity Mission (NGGM) satellites.

Price Action: RDW shares are up 19.00% at $15.47 premarket at the last check on Tuesday.

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