“Today marks the start of an exciting new chapter as a combined company. 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,” Peter Cannito, chairman and CEO of Redwire, said in a statement published Friday.
The combined company will deliver space and airborne platforms designed to enable software-defined, artificial intelligence-enabled autonomous operations across multiple orbits and domains.
With the transaction, Redwire will gain access to Edge Autonomy’s uncrewed airborne systems and expand its innovation and manufacturing footprint with over 628,000 square feet of production capabilities and a workforce of more than 1,300 employees across the U.S. and Europe.
“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,” noted Cannito, who also serves as an operating partner at AE Industrial.
Redwire expects the deal to be immediately accretive to its revenue, free cash flow and adjusted earnings before interest, taxes, depreciation and amortization.
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