:

Business/Financial

AeroVironment Postures As Alternative Defense Prime With Deal To Acquire BlueHalo

By Cal Biesecker

Tuesday, November 19th, 2024

SHARE:

AeroVironment Postures As Alternative Defense Prime With Deal To Acquire BlueHalo

LOCUST laser weapon system for countering Group 1, 2 and 3 drones. Photo: AeroVironment

Unmanned systems developer and manufacturer AeroVironment [AVAV] on Tuesday agreed to acquire defense technology company BlueHalo in a deal that creates a $1.7 billion diversified business and will position it in the mid-tier as an alternative to the larger, legacy defense prime contractors. The proposed all-stock transaction has an enterprise value of $4.1 billion, including BlueHalo’s debt of about $770 million and $100 million in tax assets. The acquisition is subject to approvals by regulators and AV’s shareholders and is…

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]