AeroVironment to acquire BlueHalo in $4.1B transaction
Gettyimages.com / Anton Petrus
By
Ross Wilkers
BlueHalo's strategy and vision since its inception can be seen through its tagline "Transforming the Future of Global Defense" and now it becomes a major building block for a large defense technology company.
AeroVironment has agreed to acquire BlueHalo through an all-stock transaction valued at $4.1 billion in a move to form a larger defense technology company across areas such as countering unmanned systems and electronic warfare.
Backed by private equity firm Arlington Capital Partners, BlueHalo was first unveiled to the market in late 2020 as a national security tech provider with the tagline of "Transforming the Future of Global Defense."
Space, cyber and directed energy have been key priorities for BlueHalo in its strategy.
The combined company estimates its pro forma annual revenue at around $1.7 billion with a total workforce of approximately 3,800 people. AeroVironment also cites loitering munitions, artificial intelligence and autonomy as areas it will expand further into with BlueHalo in the fold.
All parties expect to close the transaction in the first half of 2025, pending regulatory approvals and other closing conditions.