AeroVironment has reached an agreement to acquire BlueHalo for approximately 4.1 billion dollars in an all-stock trade.
According to Zhitong Finance APP, AeroVironment (AVAV.US) has reached an agreement to acquire BlueHalo for approximately 4.1 billion dollars in an all-stock trade. The transaction is expected to be completed in the first half of 2025. AeroVironment anticipates that this transaction will increase its revenue, adjusted EBITDA, and Non-GAAP eps in the first full fiscal year following the completion of the trade.
Data shows that AeroVironment is engaged in the design, development, production, support, and operation of self-driving aircraft systems and electric transportation solutions. BlueHalo is a private defense and intelligence contractor in the usa. For years, the company has been dedicated to providing industry-leading products and solutions in fields such as space superiority, space technology, directed energy/counter-drone systems (c-UAS), autonomous advanced radio frequency (RF), cyber, and signal intelligence (SIGINT).
BlueHalo's revenue for 2024 is expected to exceed 0.9 billion dollars, and the company also has nearly 0.6 billion dollars in cash reserves along with multiple opportunities and record projects worth billions of dollars. In addition, BlueHalo's revenue for 2023 was approximately 0.886 billion dollars, while its revenue for 2022 and 2021 was 0.759 billion dollars and 660 million dollars, respectively.
As of the time of writing, AeroVironment's stocks fell nearly 5% in pre-market trading on Tuesday.