Redwire Corp, a space infrastructure company, announced on Monday its agreement to acquire Edge Autonomy, a leader in autonomous systems, for $925 million in a cash-and-stock transaction. The deal aims to broaden Redwire’s portfolio of space platforms and integrate combat-proven autonomous airborne systems.
Key Details of the Acquisition:
- Transaction Breakdown: The merger will be funded by $150 million in cash and $775 million in Redwire common stock.
- Revenue and Profit Expectations: Redwire anticipates combined revenues between $535 million and $605 million for the year ending December 31, 2025. Adjusted earnings are expected to range from $70 million to $105 million.
- Strategic Goals: The merger will create a company positioned to offer integrated autonomous, collaborative systems for both space and airborne platforms, with an emphasis on multi-domain operations ranging from Earth’s surface to the Moon and beyond.
- Edge Autonomy’s Capabilities: Edge Autonomy manufactures advanced autonomous systems and optics, serving clients such as the U.S. Department of Defense.
- Closing and Approvals: The transaction is subject to regulatory and Redwire shareholder approvals, with an expected closing date in the second quarter.
