Mentioned:
Redwire is one of the most exciting publicly traded companies in space exploration. Now, they’re going after the opportunity in national security too.
What’s happening:
- Redwire (NYSE: RDW) has announced they will acquire unmanned aerial vehicle company Edge Autonomy in a new deal worth $925M USD
By the numbers:
- Redwire will pay $150M USD in cash and issue $775M USD in common shares
- Currently, Edge Autonomy does more than $200M USD in annual revenue
Why it matters:
- Edge Autonomy is one of the most advanced companies in America focused on unmanned aerial vehicles and drones, which has led to notable deals with multiple government agencies including the United States Department of Defense
Going deeper:
- The new acquisition is aiming to transform Redwire into one of the first publicly traded companies with a focus on both space exploration and airborne platforms that can be used for defense technology
