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Redwire ( (RDW) ) has shared an announcement.
On January 21, 2025, Redwire Corporation announced its acquisition of Edge Autonomy, a leader in uncrewed airborne systems, for $925 million. This strategic move is expected to expand Redwire’s market, enhance its product offerings, and immediately boost revenue, adjusted EBITDA, and free cash flow. The transaction aligns with Redwire’s growth strategy, emphasizing scalability and advanced technology development. The acquisition awaits customary approvals and is anticipated to close in the second quarter of 2025, with significant support from major shareholders.
More about Redwire
Redwire Corporation operates in the aerospace and defense industry, focusing on delivering multi-domain autonomous space and airborne platforms, avionics, sensors, power, communications, digital engineering, and AI-enabled autonomy software. The company’s market focus includes providing technology for joint and autonomous platforms, enhancing capabilities for the warfighter.
YTD Price Performance: -13.44%
Average Trading Volume: 888,256
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $981.5M
For a thorough assessment of RDW stock, go to TipRanks’ Stock Analysis page.
