{"id":49818,"date":"2025-01-21T20:09:39","date_gmt":"2025-01-21T12:09:39","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/redwire-expands-into-uas-with-edge-autonomy-acquisition\/"},"modified":"2025-01-21T20:09:39","modified_gmt":"2025-01-21T12:09:39","slug":"redwire-expands-into-uas-with-edge-autonomy-acquisition","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/redwire-expands-into-uas-with-edge-autonomy-acquisition\/","title":{"rendered":"Redwire Expands Into UAS With Edge Autonomy Acquisition"},"content":{"rendered":"<\/p>\n

Space infrastructure company Redwire Corp.<\/strong> on Monday said it has agreed to acquire Edge Autonomy<\/strong> in a $925 million deal that would take it into new territory, autonomous unmanned aircraft systems (UAS) and related payloads.<\/p>\n

The deal includes $150 million in cash and $775 million in Redwire stock, and is expected to close in the second quarter.<\/p>\n

Edge Autonomy, based in California, has more than 600 employees and had $222 million in sales for the 12-month period that ended Sept. 30, 2024, and $72 million in adjusted earnings.<\/p>\n

The company\u2019s UAS include long-range, long-endurance Group 2 and 3 platforms, some of which are fixed-wing, and others that are fixed-wing but can take-off and land vertically. Edge Autonomy has a suite of electro-optic and infrared payloads, and power systems.<\/p>\n

Customers include the Army, Marine Corps, Special Operations Command, the Department of Homeland Security, and foreign agencies.<\/p>\n

For Redwire, the pending acquisition would give it a play in a market area that has grown in importance given heavy use of UAS in the ongoing Russo-Ukraine War and the Defense Department\u2019s focus on all-domain autonomous, attritable unmanned systems.<\/p>\n

\u201cThe 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,\u201d Peter Cannito, chairman and CEO of Redwire, said in a statement. \u201cAs space and airborne platforms converge into an integrated network of autonomous, collaborative systems, Redwire will be posed to provide end-to-end solutions for multi-domain operations from the surface of the earth to the surface of the Moon and beyond.\u201d<\/p>\n

Redwire, which is based in Florida, builds solar arrays and deployable boom structures, guidance, navigation, and control systems, very Low-Earth Orbit platforms, engineering and mission support services, and life- and agri-science, for space applications.<\/p>\n

Redwire said the combination with Edge Autonomy will also enable the creation of \u201cnew integrated capabilities for our customers\u201d with solutions that \u201cleverage connectivity across space and airborne operations.\u201d<\/p>\n

Assuming the deal had been completed on Jan. 1, Redwire is forecasting sales this year between $535 million and $605 million, adjusted operating income between $70 million and $105 million, and positive free cash flow.<\/p>\n

Redwire is a portfolio company of AE Industrial Partners. Edge Autonomy is also a portfolio company of AEI, which formed the company in 2021 when it acquired Jennings Aeronautics and combined it with its portfolio company UAV Factory.<\/p>\n

This story was first published by Defense Daily<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Space infrastructure company Redwire Corp. on Monday said it has agreed to acquire Edge Autonomy in a $925 million deal that would take it into new territory, autonomous unmanned aircraft systems (UAS) and related payloads. The deal includes $150 million in cash and $775 million in Redwire stock, and is expected to close in the second quarter. […]<\/p>\n","protected":false},"author":1,"featured_media":49819,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-49818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/49818"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=49818"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/49818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/49819"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=49818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=49818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=49818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}