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Dipping Below Space, Redwire To Acquire Autonomous UAS Provider Edge Autonomy

Cal Biesecker By
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Dipping Below Space, Redwire To Acquire Autonomous UAS Provider Edge Autonomy
Edge Autonomy's catapult-launched Penguin C Mk2 unmanned aircraft system. Photo: Edge Autonomy

New space economy company Redwire Corp. [RDW] on Monday said it has agreed to acquire Edge Autonomy in a $925 million deal that would take it into new territory, autonomous unmanned aircraft systems (UAS) and related payloads. The deal includes $150 million in cash and $775 million in Redwire stock, and is expected to close in the second quarter. Edge Autonomy, based in California, has more than 600 employees and had $222 million in sales for the 12-month period that…

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