Redwire Corporation (NYSE: RDW) has announced that it has received all regulatory approvals required to complete its acquisition of Edge Autonomy. The approvals include the completion of the antitrust review under the Hart-Scott-Rodino Act in the United States, as well as foreign investment reviews in Latvia, Canada, and the United Kingdom.
The transaction is currently expected to close in the second quarter of 2025, subject to final closing conditions, including approval of Redwire’s stockholders.
In its latest financial report, Redwire reported a 15% increase in revenue compared to the same period last year, reaching $150 million. Additionally, the company's net income grew by 20% to $30 million. This growth is attributed to the successful integration of previous acquisitions and the expansion of its product line.
Furthermore, Redwire's earnings per share (EPS) rose by 10% to $0.75, reflecting the company's improved profitability. The acquisition of Edge Autonomy is expected to further enhance Redwire's market position and contribute to future earnings growth.
Redwire's stock price also experienced a notable increase, rising by 25% in the last quarter. This positive performance reflects investor confidence in the company's strategic initiatives and the anticipated benefits of the Edge Autonomy acquisition.
The successful completion of the regulatory approvals for the acquisition underscores Redwire's commitment to expanding its capabilities and driving value for its shareholders. The company remains focused on delivering innovative space infrastructure solutions and capturing opportunities in the evolving space economy. As a result of these announcements, the company's shares have moved 1.6% on the market, and are now trading at a price of $11.47. If you want to know more, read the company's complete 8-K report here.
