The Penguin UAS: The Cost-Effective, Adaptable Solution In Ukraine’s Ongoing War

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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The Edge Autonomy Penguin UAS is part of the United States aid package to Ukraine

Originally published via Forbes

Author: Vikram Mittal

The United States’ aid packages to Ukraine have provided various Unmanned Aerial Systems (UAS) to support their efforts in the war with Russia. These UAS offerings include a range of systems, from the Switchblade loitering munition to the Scan Eagle UAS. Interestingly, the latest addition to this aid is the Penguin UAS, a commercial drone commonly used for military applications. The commercial nature of this UAS, coupled with its modularity, has the potential to provide Ukraine a competitive edge in the Russia-Ukraine war.

The Penguin UAS, initially developed by UAV Factory in Latvia and now produced by Edge Autonomy in California, has gained acclaim as the “closest thing one can get to a military-grade UAV as a civilian consumer.” 

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