Redwire Space Announces Acquisition of Edge Autonomy for $925 Million

(Jacksonville, Florida) Space infrastructure company Redwire Space (Redwire Corporation; NYSE: RDW) announced yesterday (Jan. 20) that it signed a definitive agreement to acquire Edge Autonomy, a provider of field-proven uncrewed airborne system (“UAS”) technology, for $925 million on a debt free, cash free basis, subject to customary working capital, cash and debt adjustments.

Rendering courtesy of yesterday’s (Jan. 20) press release from Redwire Space.

The merger consideration is expected to be paid using $150 million in cash and $775 million in shares of Redwire common stock (based on the volume-weighted average trading price on the NYSE for the 30 trading days ending on January 17, 2025 of $15.07 (“30-day VWAP”), per Redwire’s Jan. 20th press release.

Following the merger, Edge Autonomy and its subsidiaries would be wholly-owned subsidiaries of Redwire; according to Redwire, this marks a significant portfolio expansion that will include combat-proven autonomous airborne platforms in support of critical forward-looking national security mission needs.

The deal is “expected to be immediately accretive to Revenue, Adjusted EBITDA and Free Cash Flow,” and “post-transaction, Redwire expects to have a strong balance sheet,” per yesterday’s press release.

Shares of Redwire are trading at $18.90, up 28.14%, as of 10.32 a.m. EST.

“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,” said Redwire Chairman and CEO Peter Cannito. “As space and airborne platforms converge into an integrated network of autonomous, collaborative systems, Redwire will be poised to provide end-to-end solutions for multi-domain operations from the surface of the earth to the surface of the moon and beyond.”

Steve Adlich, CEO of Edge Autonomy, commented: “We are extremely excited to join forces with Redwire and merge two industry leaders in advanced multi-domain technologies. Both companies are committed to technology innovation, reliability and satisfying customer demand, and we see significant synergies within our collective capabilities that will positively impact both businesses and enable continued growth.”

For the twelve months ended December 31, 2025, Redwire, as a combined company, is forecasting full year, revenues of $535 million – $605 million and Adjusted EBITDA of $70 million – $105 million with positive Free Cash Flow, assuming the transaction had been consummated on January 1, 2025, per Redwire.

Edge Autonomy was formed in 2021 through the merger of UAV Factory and Jennings Aeronautics.

Rendering courtesy of Firefly Space via a Jan. 9th press release from Redwire Space.

Last week, on January 15th, Redwire’s flight-proven camera technology launched onboard Firefly Space’s Blue Ghost lunar lander in Firefly’s first mission to the Moon, via SpaceX‘s Falcon 9. Specifically, Redwire delivered 12 flight cameras, a vision navigation processor, and two flight floodlights for the Blue Ghost lander.

**Not investment advice; The FLY Report is not a registered investment advisor.