Question · Q4 2025
Kira asked about the broader order environment, given the Q4 1.52 book-to-bill, and how order cycles differ between the Space and DefTech segments, as well as expectations for the 2026 book-to-bill.
Answer
Peter Cannito, Chairman and CEO of Redwire, explained that the Q4 book-to-bill reflected larger orders like the $44 million Otter and an eight-figure IBDM contract, indicating a move up the value chain and into production. He highlighted that Space segment backlog is typically multi-year, while DefTech has faster conversion cycles, especially for existing customers. Chris Edmunds, CFO, added that the Q4 Space book-to-bill was over 2x, and DefTech was just over 1x.
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