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As for the two other defense stocks moving on today's news, I consider Redwire's interest in Edge a modest positive for AeroVironment. But at a P/S ratio of 6.2 times, I wouldn't buy that one, either.
Redwire shares are now up 688% over the past 12 months. That is a sharp turnaround for a stock that, in early 2023, traded about 80% below its September 2021 initial public offering (IPO) price.
Redwire will pay a total purchase price of $925 million to own Edge Autonomy, payable in $150 million cash, plus $775 million worth of Redwire stock. (Redwire only has about $43 million in cash at ...
Redwire Corporation is an American aerospace manufacturer and space infrastructure technology company headquartered in Jacksonville, Florida. The company was formed on June 1, 2020 by the private equity firm AE Industrial Partners .
(Reuters) - Space infrastructure firm Redwire Corp on Monday said it has agreed to acquire Edge Autonomy for $925 million in a cash-and-stock deal. The transaction would help create a defense tech ...
Starlab is the name given to the planned LEO space station designed by Nanoracks for commercial space activities uses. The station is expected to be launched in 2028. The company released preliminary plans in October 2021, where the main structure of Starlab consisted of a large inflatable habitat to be built by Lockheed Martin and a metallic docking node.
The transaction includes $150 million in cash and $775 million in Redwire common stock, based on a 30-day volume-weighted average trading price of $15.07. Redwire may finance the cash portion us
Redwire will pay a bargain price to acquire a profitable space company. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 ...