Morrison Foerster advised BlueHalo, a purpose-built platform that Arlington Capital Partners developed to address the growing national security threats, on government contracts aspects of its acquisition by AeroVironment (Nasdaq: AVAV), a technology solutions provider at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence. The all-stock transaction with a transaction enterprise value of approximately $4.1 billion is expected to close in the first half of 2025, subject to regulatory and AV shareholder approvals as well as other customary closing conditions.
The combined company will have a broad portfolio of high-growth franchises, powered by cutting-edge technology and focused on addressing the most important priorities and needs of our nation and allies around the globe. Formed in 2019, BlueHalo provides industry-leading capabilities in several key mission areas: Space Technologies, Counter-Uncrewed Aircraft Systems (cUAS), Directed Energy, Electronic Warfare, Cyber, Artificial Intelligence, and other Emerging Technologies including Uncrewed Underwater Vehicles (UUVs).
The MoFo team advising BlueHalo was led by Washington D.C. government contracts partner Damien Specht, with support from Washington D.C. government contracts associates Nicole Giles, Caitlin Crujido and Liam Bowers; and San Francisco technology transactions associate Eddy Zheng.
Read the press release.