Search

AeroVironment Postures As Alternative Defense Prime With Deal To Acquire BlueHalo

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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Congress Updates

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]


Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]


Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]


‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]