Redwire Corporation (RDW) shares gained 8.19 percent, or $1.51, after the company announced an amended agreement to acquire Edge Autonomy for $925 million.
The revised terms include $160 million in cash and $765 million in Redwire stock valued at $15.07 per share, with a portion held back for potential post-closing adjustments. The stock is currently trading at $19.95, up from a previous close of $18.44 on the New York Stock Exchange. It opened at $19.40 and has traded between $18.57 and $22.25 today, with volume surging to 4.5 million shares. Over the past 52 weeks, Redwire has traded between $4.87 and $26.66. The acquisition is set to expand Redwire's reach in the aerospace sector, bolstering its capabilities with Edge Autonomy's established expertise in uncrewed airborne systems.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.