Drone maker AeroVironment to buy BlueHalo in $4.1 billion deal

(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 said on Tuesday.

Shares of AeroVironment were down 3.2% in premarket trade.

AeroVironment will issue about 18.5 million shares of its common stock to BlueHalo as part of the deal, which is expected to close in the first half of calendar 2025, the companies said.