Redwire completes Edge Autonomy acquisition (Courtesy of the Jacksonville Daily Record) — Redwire Corp. completed its $925 million acquisition of Edge Autonomy on June 13, a deal that broadens the Jacksonville-based space technology company’s business and significantly increases its revenue.
Edge Autonomy provides uncrewed airborne system technology that establishes Redwire as an aerospace and defense company, CEO Peter Cannito said in a news release.
“With Edge Autonomy, we are uniquely positioned to transform the future of multi-domain operations and provide decisive advantages to U.S. and allied warfighters,” he said.
“We look forward to leveraging our combined capabilities to enable the most critical missions as we strive to achieve air and space superiority and create significant value for Redwire’s customers and shareholders.”
Financial documents filed by Redwire after the deal closed show Edge Autonomy had $195 million in revenue in 2024 and $35.4 million in the first quarter this year.
Redwire had $304 million in 2024 revenue and $61.4 million in the first quarter of 2025.
Redwire is projecting revenue of $535 million to $605 million for the combined company this year.
Redwire paid $160 million in cash and issued $765 million in stock to buy Edge Autonomy.
Edge Autonomy was owned by an affiliate of AE Industrial Partners, the company that formed Redwire by merging space technology companies together starting in 2020.
AE still controlled about 43% of Redwire stock and with the shares it received in the buyout, it again became the majority shareholder with 60.3%.
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