AeroVironment Acquires BlueHalo

AeroVironment, Inc. (AV) has finalized its acquisition of BlueHalo, strengthening its role as a global leader in defense technology with integrated capabilities spanning air, land, sea, space, and cyber domains.

Wahid Nawabi will remain Chairman, President, and CEO of AV. The combined leadership team unites seasoned executives from both organizations. Together, they bring extensive expertise in autonomy, space systems, cyber operations, and defense technology.

To better align with customer missions and AV’s financial reporting framework, the company is structuring its operations into two business segments:

Autonomous Systems covers uncrewed systems, precision strike and one-way attack systems, defense solutions, ground and maritime robotics, and MacCready Works.

Space, Cyber, and Directed Energy includes space technologies, directed energy solutions, cyber solutions, and mission services.

RBC Capital Markets acted as AeroVironment’s financial advisor, with Latham & Watkins LLP providing legal counsel. Joele Frank, Wilkinson Brimmer Katcher advised on strategic communications. Meanwhile, J.P. Morgan Securities LLC served as financial advisor, and Goodwin Procter LLP provided legal counsel to Arlington Capital Partners and BlueHalo.

Source: AeroVironment

Read the full press release here.