Why Space Stock Redwire Soared Today
Source: Motley Fool
2025-06-09 11:51:26 ET
Redwire Corporation (NYSE: RDW) stock jumped a lucky 7.7% Monday morning after the company gave an update on its plan to acquire privately held Edge Autonomy, "a leader in providing innovative autonomous systems, advanced optics, and resilient energy solutions" ( i.e., drones ).
As you may recall , Redwire announced in January that it will buy the maker of Penguin unmanned aerial vehicles for $925 million, payable in $150 million cash plus $775 million in Redwire stock.
Image source: Getty Images.
Redwire Corporation
NASDAQ: RDW
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