Aerospace infrastructure company Redwire (RDW.US) is nearing a $925 million acquisition of Edge Autonomy.

According to a statement released on Monday, aerospace infrastructure company Redwire (RDW.US) has agreed to acquire Edge Autonomy for a price of $925 million, with investors including AE Industrial Partners. Redwire will pay $150 million in cash and $775 million in Redwire common stock to acquire Edge Autonomy. According to the statement, this transaction will increase Redwire's revenue and cash flow, while expanding its business into "battle-tested autonomous onboard platforms." The deal is expected to be completed in the second quarter of 2025. Redwire Corporation is an aerospace manufacturer and space infrastructure technology company owned by private equity firm AE Industrial Partners, established on June 1, 2020. Edge Autonomy was founded in 2021 and was formed through the merger of UAV Factory and Jennings Aeronautics, with over 30 years of experience developing unmanned and autonomous technology systems. Edge Autonomy vertically integrates mature capabilities, extensive mission experience, and strong relationships with the US Department of Defense, special operations forces, and allied governments to provide autonomous systems, advanced optics, and other products to customers including the US Department of Defense. Peter Cannito, Chairman and CEO of Redwire, stated in the announcement, "The merger of Redwire and Edge Autonomy will create a uniquely positioned space and defense company focused on the two fastest-growing trends in defense technology." Redwire closed up 1.2% at $14.75 in New York last Friday, with a market value of approximately $981 million.