Redwire (RDW.US) is close to acquiring Edge Autonomy for $925 million.

According to a statement on Monday, Redwire (RDW.US) has agreed to acquire Edge Autonomy for $925 million, with investors including AE Industrial Partners. Redwire will pay $150 million in cash and $775 million in Redwire common stock for Edge Autonomy.

According to the statement, the transaction will increase Redwire's revenue and cash flow while expanding its business to "battle-tested autonomous airborne platforms." The transaction is expected to be completed in the second quarter of 2025.

Redwire Corporation is an American aerospace manufacturer and space infrastructure technology company founded on June 1, 2020 by private equity firm AE Industrial Partners.

Edge AutonomyEdge Autonomy was founded in 2021 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, broad mission experience, and strong relationships with the U.S. Department of Defense, special operations forces, and allied governments to provide autonomous systems, advanced optics, and other products to customers including the U.S. Department of Defense.

Redwire Chairman and CEO Peter Cannito said in a statement, "The combination of Redwire and Edge Autonomy will create a unique space and defense company focused on two of the fastest-growing trends in the defense technology sector."

Redwire rose 1.2% to $14.75 on Friday in New York, valuing the company at about $981 million.