General James C. McConville, U.S. Army, Retired, Joins Edge Autonomy Board of Directors

JACKSONVILLE, Fla. (January 20, 2025) – Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, today announced that it has signed a definitive agreement to acquire Edge Autonomy, a leading provider of field-proven uncrewed airborne system (“UAS”) technology. Under the terms of the merger agreement, Redwire will acquire Edge Autonomy for $925 million on a debt free, cash free basis and subject to customary working capital, cash and debt adjustments. The merger consideration is expected to be paid using $150 million in cash and $775 million in shares of Redwire common stock, based on the volume-weighted average trading price on the NYSE for the 30 trading days ending on January 17, 2025 of $15.07 (“30-day VWAP”). Transaction financing and closing details are as described below. Following the merger, Edge Autonomy and its subsidiaries would be wholly-owned subsidiaries of Redwire.

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. 

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October 19, 2023 | San Luis Obispo, CA | Edge Autonomy is proud to announce the appointment of General James C. McConville, U.S. Army, Retired, to its Board of Directors. General (Retired) McConville, the 40th Chief of Staff of the United States Army, brings unparalleled leadership and strategic expertise to our organization.

With a military career spanning more than four decades, General (Retired) McConville has demonstrated exceptional command, management, and decision-making skills, overseeing major modernization efforts within the U.S. Army and emphasizing technological innovation, efficiency, and adaptability.

“General (Retired) McConville’s commitment to teamwork, mission success, and adaptability perfectly aligns with our corporate values,” said John Purvis, CEO of Edge Autonomy. “We are thrilled to welcome him on board and look forward to his unique perspective and strategic acumen.”

“I am excited to be a part of this exceptional team,” said General (Retired) McConville. “Together, we’ll drive innovation and steer Edge Autonomy toward even greater success.”

General (Retired) McConville’s appointment reflects Edge Autonomy’s commitment to excellence, innovation, and continued growth. His leadership will be a valuable asset as we pursue our mission to serve our customers and their operations, effectively identifying, developing, and delivering solutions that are tailored to each unique need across autonomous, optical, and power systems.

For more information, please contact:

Susan Hoffman
Senior Director, Marketing and Communications
[email protected]

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