AeroVironment Inc. has announced that its stockholders have approved the issuance of AV common stock for the upcoming acquisition of BlueHalo LLC, a move that will further accelerate AeroVironment’s growth in the defense technology sector. The decision came during a special meeting held on April 1, 2025.
The approval paves the way for AeroVironment to proceed with the transaction, expected to close in May 2025, contingent on the fulfillment of standard closing conditions. The acquisition marks a significant step in AeroVironment’s efforts to strengthen its position in the defense industry, with a focus on next-generation solutions for national security.
The approval was overwhelming, with more than 99% of voting shares in favor of the transaction. Final voting results will be filed in a Form 8-K with the U.S. Securities and Exchange Commission.
This acquisition is part of AeroVironment’s strategy to provide integrated, multi-domain defense systems designed to meet global defense needs.