:

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

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 […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]