PRESS RELEASE
Issued by: Edge Autonomy (was Jennings Aeronautics)
Redwire Corporation, a global leader in aerospace and defense technology solutions, today announced it has completed its acquisition of Edge Autonomy Intermediate Holdings, LLC, together with its subsidiaries, a leading provider of field-proven uncrewed airborne system (UAS) technology. The strategic transaction was approved by Redwire shareholders on June 13.
Transaction Highlights
- Transforms Redwire into a scaled and profitable space and defense tech company focused on the convergence of integrated autonomous operations for defense and national security. The combined company is uniquely positioned to deliver innovative space and airborne platforms—two of the fastest growing trends in defense technology.
- Purpose built proven technology portfolios bridge the gap between airborne and space-based systems and enable software-defined, AI-enabled, autonomous operations across multiple domains and orbits, from the surface of the Earth to the surface of the Moon, Mars, and beyond
- Significantly expands Redwire’s global manufacturing and innovation presence with a highly skilled workforce of more than 1,300 employees and over 628,000 square feet of manufacturing and production capabilities across the U.S. and Europe after the combination.
- Accelerates Redwire’s growth trajectory and strengthens its financial profile; the transaction is immediately accretive to Redwire’s revenue, Adjusted EBITDA, and Free Cash Flow.
- The addition of Edge Autonomy’s UAS technologies creates new integrated capabilities for Redwire’s customers that leverage connectivity across space and airborne operations.
“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. “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. 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.”
As previously disclosed, for the twelve months ended December 31, 2025, Redwire, as a combined company and assuming the transaction with Edge Autonomy had been consummated on January 1, 2025, forecasted full year revenues of $535 million to $605 million and Adjusted EBITDA of $70 million to $105 million with positive Free Cash Flow.
Advisors
J.P. Morgan Securities LLC and GH Partners LLC served as financial advisors and Holland & Knight LLP served as legal advisor to Redwire. Texas Capital Securities acted as advisor and lead arranger on the debt financing. Roth Capital Partners served as financial advisor and Richards, Layton & Finger, P.A. served as legal advisor to the special committee of the Board of Directors. Citi and William Blair served as financial advisors and Kirkland & Ellis LLP served as legal advisor to Edge Autonomy.
| Contact details from our directory: | |
| Edge Autonomy (was Jennings Aeronautics) | Airframer |
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| Aircraft Operations |
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