Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, January 20, 2025 
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Space infrastructure company Redwire to buy Edge Autonomy for $925 million
- The transaction would help create a defense tech company with a broader portfolio of space platforms combined with combat-proven autonomous airborne platforms, the company said. The merger is expected to be funded using $150 million in cash and $775 million in shares of Redwire common stock,
Redwire, a space infrastructure company, has announced its acquisition of QinetiQ's U.S. space business for $12.5 million, aiming to expand its capabilities in space technology. This acquisition includes QinetiQ's expertise in satellite technology, space robotics, and engineering services, which will enhance Redwire's offerings in national security, civil, and commercial space markets. The deal is expected to close in the third quarter of 2023, pending regulatory approval. Redwire's CEO, Peter Cannito, highlighted that this move will not only increase their technological capabilities but also their market presence, particularly in providing solutions for space domain awareness, resilient navigation, and satellite servicing. This strategic acquisition aligns with Redwire's vision to lead in the new space economy by integrating advanced technology and engineering prowess.
Read the Full Yahoo Article at:
[ https://www.yahoo.com/tech/space-infrastructure-company-redwire-buy-215535628.html ]
Read the Full Yahoo Article at:
[ https://www.yahoo.com/tech/space-infrastructure-company-redwire-buy-215535628.html ]
