Transcript
Maria Varmazes (0:01)
You're listening to the N2K space network.
Sponsor Voice (0:10)
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Maria Varmazes (1:17)
Learn more@Zscaler.com Security today is March 11, 2025. I'm Maria Varmazes and this is T minus T minus 20 seconds to Los China launched a new communications test satellite four. The US Space Development Agency has issued a solicitation to recompete 10 tranche 2 transport layer gamma variant Space Rocket Lab has scheduled its next two electron launches from New Zealand. Redwire reports Q4 and full year 2024 financial results. NASA outlines its plans for a phased reduction in force, closing several office and our guest today is Troy Morris, co founder and CEO of Cal Morris. KMI has an experiment on the International Space Station and Troy will be sharing the latest updates on their work with us later in the show.
Troy Morris (3:02)
Foreign.
Maria Varmazes (3:07)
It is Tuesday, everybody. Let's dive into today's intel briefing. We're kicking off with some troubling news from the US Space Agency. In a memo sent to NASA employees yesterday, Acting Administrator Janet Petro shared that she would implement the US President's executive order to reduce the agency's workforce. NASA has already started implementing what they're calling a phased reduction in workforce. In the announcement, they shared that the Office of Technology, Policy and Strategy, the Office of the Chief Scientist and the Diversity, Equity, Inclusion and Accessibility Branch have all been closed. Details were not shared in the message.
Troy Morris (3:43)
About how many roles have been or.
Maria Varmazes (3:45)
Will be impacted by the Reduction in Force or rif. All federal agencies have been instructed to produce plans for RRIFs by Thursday this week, so unfortunately it will be reaching other agencies involved in the space industry also. We hope that those impacted will find other opportunities quickly and wish them all the best for the future. Redwire Corporation held an investor call this morning to share financial results for the fourth quarter and full year ending December 31, 2024. The Company experienced another solid year of growth, reporting revenues for full year 2024 at $304.1 million, which is up 24.7% compared to $243.8 million for a full year of 2023. They've also adjusted their forecasting for the 12 months ending December 31, 2025 full year revenues of $605 million, which is up from $535 million. Jonathan Bailiff, chief financial officer of Redwire.
