AE Industrial Partners-backed Redwire has agreed to acquire Edge Autonomy in a cash-and-stock transaction valued at approximately $925 million as part of a push to establish a multidomain space and defense technology company. The space infrastructure company said Monday it expects the acquisition to close in the second quarter of 2025, subject to Re...
UAV Factory, a portfolio company of AE Industrial Partners, has adopted the name Edge Autonomy following its combination with Jennings Aeronautics Inc. and will focus on expanding its market presence in multidomain autonomous and unmanned systems applications. Edge Autonomy said Tuesday it will be headquartered in JAI’s former corporate office...
TYSONS CORNER, VA, Jan. 03, 2022 — Michael Buscher has joined UAV Factory to serve as chief strategy officer and help lead the unmanned aerial vehicle manufacturing company’s merger with Jennings Aeronautics, ExecutiveBiz reported Dec. 29. “It’s truly exciting to be part of an organization committed to innovation and possessing a vision ...
AE Industrial Partners has acquired Jennings Aeronautics, a California-based company developing small unmanned aerial systems designed to take off vertically and run using oxide fuel. AEI said Tuesday it will merge the acquired business with UAV Factory, which the private equity firm purchased in January. John Purvis, CEO of JAI, will hold a similar...
