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JACKSONVILLE, Fla. - Redwire Corporation (NYSE: RDW), whose stock has surged nearly 194% over the past year according to InvestingPro data, has completed its acquisition of Edge Autonomy Intermediate Holdings, LLC, a provider of uncrewed airborne system (UAS) technology, the company announced Thursday. The transaction was approved by Redwire shareholders on June 13.
The acquisition transforms Redwire into a larger space and defense technology company focused on autonomous operations for defense and national security. The combined entity, now valued at approximately $1.49 billion, will employ more than 1,300 workers across manufacturing and production facilities totaling over 628,000 square feet in the U.S. and Europe. Get deeper insights into Redwire’s growth potential with InvestingPro’s comprehensive analysis, including 13 additional exclusive ProTips.
According to the company, the transaction is expected to be immediately accretive to Redwire’s revenue, Adjusted EBITDA, and Free Cash Flow. InvestingPro analysis indicates that while the company isn’t currently profitable, analysts expect it to achieve profitability this year, with revenue projected to grow by 39%.
"We are pleased to complete this acquisition that establishes Redwire as a global leader in the aerospace and defense sector," said Redwire’s Chairman and CEO Peter Cannito. "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."
The combined company forecasts full year 2025 revenues between $535 million and $605 million, with Adjusted EBITDA of $70 million to $105 million and positive Free Cash Flow, assuming the transaction had been completed on January 1, 2025. Based on InvestingPro’s Fair Value calculations, the stock currently appears to be trading slightly below its intrinsic value.
J.P. Morgan Securities LLC and GH Partners LLC served as financial advisors to Redwire, while Citi and William Blair advised Edge Autonomy.
The acquisition bridges airborne and space-based systems, enabling software-defined, AI-enabled autonomous operations across multiple domains, according to the company’s press release statement.
In other recent news, Redwire Corporation has announced several significant developments. The company is set to acquire Edge Autonomy in a revised $925 million deal, comprising $160 million in cash and $765 million in Redwire common stock. This acquisition is pending stockholder approval, with a special meeting scheduled for June 2025. In addition, Redwire has been selected by NASA to manage a space microalgae experiment aboard the International Space Station, collaborating with international partners to explore microalgae as a sustainable food source for astronauts. Another notable achievement is the successful completion of the Critical Design Review for Redwire’s Mason technology, designed to build infrastructure on the Moon and Mars as part of a $12.9 million NASA Tipping Point project.
Furthermore, Redwire has secured a contract to support Aspera Biomedicines in space-based cancer research using its Pharmaceutical In-space Laboratory (PIL-BOX) technology. This initiative aims to advance the development of rebecsinib, a cancer therapy targeting stem cells. The company has also received NASA approval for its Mason technology, which is intended for constructing features on extraterrestrial surfaces, marking a pivotal step in space exploration. These recent developments highlight Redwire’s ongoing contributions to space infrastructure and biotechnology research.
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