Redwire CEO Pete Cannito on major acquisition, defense tech expansion, and space innovation
CNBC Television
Redwire's CEO, Peter Cannito, discusses the company's acquisition of Edge Autonomy and its strategic expansion into defense tech, emphasizing the alignment with the U.S. national security's focus on a joint all-domain strategy (JADC2). Cannito highlights the significance of integrating space-based assets with airborne platforms, noting Edge Autonomy's expertise in unmanned aerial systems (UAS) and extended battery technology, which allows Redwire to compete for missions typically reserved for more expensive technologies. He also outlines Redwire's four primary growth principles: protecting the core, scaling production, moving up the value chain, and venture optionality, while mentioning the company's endeavors in space manufacturing and biotech development, including microgravity research and pharmaceutical advancements.
Part 1: Strategic Acquisition, JADC2
Part 2: VLEO, Drone Technology
Part 3: Portfolio, Growth Strategy
Part 4: Milestones, Future Outlook
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