Space infrastructure company Redwire Corp. has announced plans to acquire Edge Autonomy, a leader in uncrewed aircraft and drone technology, for $925 million. The acquisition will broaden Redwire’s portfolio to include Edge’s combat-tested drones, enhancing its capabilities in defense and aerospace.
The agreement includes $150 million in cash and $775 million in Redwire common stock, calculated at a 30-day volume-weighted average of $15.07 per share as of Jan. 17. Following the announcement, Redwire’s stock surged 20%, reaching $17.69 per share on Tuesday morning.
Strategic Expansion into Multi-Domain Operations
Edge Autonomy, formed in 2021 through the merger of UAV Factory and Jennings Aeronautics, is known for its Stalker and Penguin series drones. These long-range reconnaissance platforms are designed for rapid deployment and provide critical intelligence for defense operations.
“This combination creates a uniquely positioned space and defense company focused on two of the fastest-growing trends in defense technology,” said Peter Cannito, Redwire’s chair and CEO. “Redwire will be poised to provide end-to-end solutions for multi-domain operations, from Earth’s surface to the moon and beyond.”
