Insider Brief
- Redwire Corporation has announced its agreement to acquire Edge Autonomy for $925 million.
- The deal will involve $150 million in cash and $775 million in Redwire common stock, based on a 30-day volume-weighted average price of $15.07 per share.
- Upon completion, Edge Autonomy will become a wholly owned subsidiary of Redwire.
- The transaction is expected to close in Q2 2025, pending customary approvals, including regulatory clearance and a vote by Redwire shareholders.
Redwire Corporation has announced its agreement to acquire Edge Autonomy for $925 million. The acquisition aims to position Redwire as a leader in integrated autonomous technologies for defense and national security, enhancing its existing space infrastructure capabilities with Edge Autonomy’s expertise in uncrewed airborne systems (UAS).
The deal will involve $150 million in cash and $775 million in Redwire common stock, based on a 30-day volume-weighted average price of $15.07 per share. Upon completion, Edge Autonomy will become a wholly owned subsidiary of Redwire.
Edge Autonomy, created through the 2021 merger of UAV Factory and Jennings Aeronautics, specializes in autonomous airborne platforms optimized for long-endurance and reconnaissance missions. Its proven UAS technology, including the Stalker and Penguin series, supports critical defense operations, particularly for U.S. and allied government agencies. The company recorded $222 million in revenue and $72 million in adjusted EBITDA over the past year.
Redwire’s Chairman and CEO, Peter Cannito, highlighted the strategic importance of the acquisition, stating, “The combination of Redwire and Edge Autonomy creates a uniquely positioned space and defense company focused on two of the fastest growing trends in defense technology.”
The acquisition will integrate Edge Autonomy’s capabilities with Redwire’s space platforms, including its Thresher and Mako systems designed for AI-enabled autonomous operations across various orbital domains. Redwire’s development of Very Low Earth Orbit spacecraft further complements Edge Autonomy’s airborne systems, creating a seamless connection between airborne and space-based technologies.
Edge Autonomy’s CEO, Steve Adlich, emphasized the alignment between the two companies, noting, “We see significant synergies within our collective capabilities that will positively impact both businesses and enable continued growth.”
The transaction is expected to close in Q2 2025, pending customary approvals, including regulatory clearance and a vote by Redwire shareholders. The acquisition is projected to boost Redwire’s revenue, EBITDA, and free cash flow, with a combined revenue forecast of $535 million to $605 million for 2025.
Image credit: Redwire
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