:

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…

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 […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]