AeroVironment, Inc. announced plans to acquire BlueHalo LLC in an all-stock transaction valued at approximately $4.1 billion. This strategic move aims to create a diversified defense technology company with enhanced capabilities across multiple domains, including uncrewed systems, loitering munitions, counter-unmanned aircraft systems (C-UAS), space technologies, electronic warfare, and cyber operations.

Post-transaction, AeroVironment's shareholders will own about 60.5 percent of the combined company, while BlueHalo's equity holders will own approximately 39.5 percent. Arlington Capital Partners, the majority owner of BlueHalo, will retain a significant ownership stake in the merged entity.

Wahid Nawabi, AeroVironment's Chairman, President, and CEO, will continue in these roles for the combined company. Jonathan Moneymaker, CEO of BlueHalo, will serve as a strategic advisor to the management team.

The deal is expected to close in the first half of 2025, subject to regulatory approvals and customary closing conditions.