FOLLOW US

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.”

Edge CEO Steve Adlich echoed the sentiment, stating, “We are extremely excited to join forces with Redwire. This merger leverages significant synergies in advanced multi-domain technologies, enabling growth for both companies.”

Global Footprint and Expertise

Based in San Luis Obispo, California, Edge employs more than 600 people worldwide and operates over 265,000 square feet of manufacturing space in the U.S. and Europe. The acquisition will bolster Redwire’s presence in the rapidly evolving defense and aerospace sectors.

Advisers and Legal Teams

The deal involves a range of legal and financial advisers:

Redwire: Represented by Holland & Knight LLP, with a team led by partners David Barkus, Ibrahim Barakat, Ira Rosner, Ivan Colao, and Kimberly Thibault.

Special Committee of Redwire’s Board: Richards Layton & Finger PA provides legal counsel, and Roth Capital Partners serves as financial adviser.

Edge Autonomy: Represented by Kirkland & Ellis LLP, with Citi as financial adviser.

J.P. Morgan Securities and GH Partners are also advising Redwire.

Closing Conditions and Timeline

The acquisition is subject to regulatory approvals and a Redwire stockholder vote. The transaction is expected to close in the second quarter of 2025.