Author: Elodie Collins|| Date Published: April 2, 2025
AeroVironment stockholders have approved the issuance of AV common stock for the acquisition of the defense engineering company BlueHalo. In a statement posted Tuesday, Wahid Nawabi, chairman, president and CEO of AV, said the milestone will enable his company to move forward with BlueHalo’s acquisition and turn AV into a leading defense technology company.
“Together, AV and BlueHalo will drive agile innovation and deliver integrated, all-domain solutions designed to redefine the future of defense and address the most important priorities and needs of our nation and allies around the globe,” the executive commented. “We thank stockholders for their continued support and look forward to closing this transaction and unlocking new opportunities for growth and value creation.”
AV initiated the acquisition of BlueHalo in November. At the time, the all-stock transaction was reportedly worth approximately $4.1 billion.
The transaction is expected to close in May 2025.
AV Strengthening Defense Technology Portfolio
Headquartered in Arlington, Virginia, BlueHalo is a supplier of space capabilities, counter-unmanned aerial systems, autonomous systems, electronic warfare and cyber tools, and artificial intelligence and machine learning for defense and national security missions.
In May 2024, the technology manufacturer won a potential $95.4 million contract from the U.S. Army’s Space and Missile Defense Command for a directed energy system prototype.
AV expects the purchase of BlueHalo to expand its manufacturing capacity and advance the development of novel defense technologies across air, ground, maritime, space and cyber domains.
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