AeroVironment to Acquire BlueHalo

(Reuters) – Drone maker AeroVironment (NASDAQ: AVAV) will acquire privately held space and defense engineering company BlueHalo in an all-stock deal valued at about $4.1 billion, the companies stated on Tuesday.

Shares of AeroVironment were down 3.2% in premarket trade.

As part of the deal, AeroVironment will issue about 18.5 million shares of its common stock to BlueHalo. This acquisition is expected to close in the first half of calendar 2025.