AeroVironment Acquires BlueHalo in $4.1B All-Stock Deal

AeroVironment Acquires Arcturus UAV for $405M

January 13, 2021

Aerospace & Defense

AeroVironment, Inc. (NASDAQ: AVAV) will acquire Arcturus UAV, Inc., a Petaluma, California–based developer and manufacturer of Group 2 and 3 unmanned aircraft systems, for a total purchase price of $405 million (approximately $355 million cash and $50 million in AeroVironment stock). The acquisition expands AeroVironment's product portfolio into higher-value Group 2 and 3 UAS segments, adds Arcturus’s ~270 employees and COCO services capability, and is expected to be accretive to adjusted EBITDA and GAAP EPS in fiscal 2022.

BlueHalo Acquires VideoRay

November 22, 2024

Aerospace & Defense

BlueHalo has acquired VideoRay, a Pottstown, Pennsylvania-based maker of small form-factor remotely operated underwater vehicles (ROVs). The acquisition gives BlueHalo an immediate presence in autonomous maritime systems and expands its all-domain defense technology offerings to include unmanned maritime capabilities.

BlueHalo Acquires Citadel Defense to Bolster Counter‑UAS Capabilities

November 8, 2021

Aerospace & Defense

BlueHalo, a portfolio company of Arlington Capital Partners, has acquired Citadel Defense, a San Diego-based developer of AI/ML-powered counter‑unmanned aerial systems (cUAS). The acquisition adds Citadel's autonomous detection, tracking and neutralization capabilities to BlueHalo's directed-energy and layered perimeter defense portfolio to accelerate fielding of multi-modal cUAS solutions for defense, government and commercial customers.

BlueHalo Acquires Intelligent Automation, Inc.

August 19, 2021

Aerospace & Defense

BlueHalo, an Arlington Capital Partners-backed national security technology platform, has agreed to acquire Rockville, Maryland-based Intelligent Automation, Inc. (IAI). The acquisition brings IAI's AI/ML, cybersecurity, hypersonics, space, 5G, data analytics and RF/communications capabilities — including a large PhD-staff and IP portfolio — into BlueHalo to accelerate productization and expand technical capabilities for DoD and commercial customers.

AeroVironment to Acquire Tomahawk Robotics for $120 Million

August 22, 2023

AI & Machine Learning

AeroVironment announced its anticipated acquisition of Tomahawk Robotics, acquiring 100% of Tomahawk Robotics’ equity for a total purchase price of $120 million paid in a mix of cash and stock. The deal is intended to deepen integration between AeroVironment’s unmanned systems and Tomahawk Robotics’ AI-enabled robotic control technology to improve interoperability across connected unmanned systems.

BlueHalo Acquires Verus Technology Group

April 3, 2023

Aerospace & Defense

BlueHalo, an Arlington Capital Partners portfolio company, has acquired Verus Technology Group, a developer of RF- and DSP-based counter‑UAS (c‑UAS) systems including the SkyView product line. The acquisition is a strategic add-on to BlueHalo’s existing c‑UAS, directed energy, and perimeter security capabilities to expand its RF detection, identification, and tracking offerings for DoD, intelligence, commercial, and international customers.