AeroVironment, a leading manufacturer of unmanned systems, is set to acquire technology firm BlueHalo in an all-stock transaction valued at approximately $4.1 billion, aiming to become a significant force in the unmanned systems market. The merger is projected to generate over $1.7 billion in combined annual revenue, with BlueHalo contributing more than $900 million in revenues for 2024. While AeroVironment specializes in unmanned systems like its widely used Switchblade loitering munitions, BlueHalo has expertise in space technologies, counter-UAS, directed energy, and electronic warfare. The union is expected to enhance product offerings and drive innovation, leveraging a shared culture focused on agile innovation and mission expertise to develop next-generation military technologies. According to analyst Byron Callan, this merger is part of a broader trend, marking a transformation in the defense sector and the rise of new mid-tier defense technology firms.
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