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Redwire ( (RDW) ) has shared an update.
On January 27, 2025, Redwire Corporation announced the acquisition of Edge Autonomy for $925 million, aiming to enhance its role as a defense tech company by integrating autonomous airborne platforms with its space technologies. This move is expected to strengthen Redwire’s financial position, with anticipated growth in revenue and EBITDA and a transition to being cash flow positive, while positioning the company uniquely in the market with a multi-domain strategy.
More about Redwire
Redwire Corporation is involved in the aerospace industry, providing bioprinting services for organs in space and supplying parts to satellites. The company is expanding its market focus into defense technology by acquiring Edge Autonomy, which produces aerial drones.
YTD Price Performance: 24.65%
Average Trading Volume: 1,169,967
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.42B
For detailed information about RDW stock, go to TipRanks’ Stock Analysis page.