Redwire acquires Edge Autonomy, becoming a global defense tech disruptor

Redwire Corporation, a global leader in aerospace and defense technology solutions, has completed its acquisition of Edge Autonomy Intermediate Holdings LLC together with its subsidiaries, a leading provider of field-proven uncrewed airborne system technology. The transaction value amounted to USD 925 million on a debt free and cash free basis.

The acquisition is expected to transform Redwire into a global leader in multi-domain autonomous technology, broadening its portfolio of mission-critical space platforms to include combat-proven autonomous airborne platforms.

COBALT, in cooperation with the multinational law firm Holland & Knight LLP, provided legal support to Redwire during the transaction, including conducting legal due diligence of the Edge Autonomy subsidiary in Latvia, participating in preparation of transaction documents, assisting in the negotiation process, obtaining the foreign direct investment clearance from the Cabinet of Ministers of Latvia, providing defense regulatory guidance, and coordinating legal assistance regarding operations in Ukraine.

The COBALT team was led by Partner Guntars Zīle and Senior Associate Mārtiņš Tarlaps and included Specialist Counsel Kristīne Patmalniece and Sergejs Rudāns, Senior Associates Inga Tenisa and Agnese Gerharde, and Associates Alise Artamonova and Vadims Zvicevičs.

Official announcements of Redwire and Edge Autonomy here and here.