(Reuters) – Space infrastructure firm Redwire Corp on Monday said it has agreed to acquire Edge Autonomy for $925 million in a cash-and-stock deal.
The transaction would help create a defense tech company with a broader portfolio of space platforms combined with combat-proven autonomous airborne platforms, the company said.
The merger is expected to be funded using $150 million in cash and $775 million in shares of Redwire common stock, and is expected to be accretive to Redwire’s revenue and core profit.
Redwire expects the combined company to generate revenues in the range of $535 million to $605 million for the year ended Dec. 31, 2025, and adjusted earnings of $70 million to $105 million.
“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,” said Redwire CEO Peter Cannito.
Edge Autonomy manufactures autonomous systems, advanced optics and other products to clients including the U.S. Department of Defense.
The deal, which has been approved by a special committee of the board, is expected to close in the second quarter, subject to regulatory and Redwire shareholders’ approvals.
(Reporting by Savyata Mishra in Bengaluru; Editing by Andrea Ricci)
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