AeroVironment spent $4.1 billion to acquire the American private defense contractor BlueHalo
AeroVironment has reached an agreement to acquire BlueHalo in an all-stock transaction valued at approximately $4.1 billion, expected to be completed in the first half of 2025. The deal is anticipated to increase AeroVironment's revenue and earnings per share. BlueHalo is a private defense contractor, with projected revenue exceeding $900 million in 2024 and approximately $886 million in revenue for 2023. AeroVironment's stock price fell nearly 5% in pre-market trading
According to Zhitong Finance APP, AeroVironment (AVAV.US) has reached an agreement to acquire BlueHalo for approximately $4.1 billion in an all-stock transaction. The deal is expected to be completed in the first half of 2025. AeroVironment anticipates that the transaction will increase its revenue, adjusted EBITDA, and Non-GAAP earnings per share in the first full fiscal year following the completion of the deal.
AeroVironment is engaged in the design, development, production, support, and operation of unmanned aircraft systems and electric transportation solutions. BlueHalo is a private U.S. defense and intelligence contractor. Over the years, the company has been dedicated to providing industry-leading products and solutions in areas such as space superiority, space technology, directed energy/counter-unmanned aircraft systems (c-UAS), autonomous advanced radio frequency (RF), cyber, and signals intelligence (SIGINT).
BlueHalo's revenue for 2024 is expected to exceed $900 million, and the company has nearly $600 million in cash reserves along with several opportunities and record projects worth billions of dollars. Additionally, BlueHalo's revenue in 2023 was approximately $886 million, with revenues of $759 million and $660 million in 2022 and 2021, respectively.
As of the time of publication, AeroVironment's stock fell nearly 5% in pre-market trading on Tuesday
