#BLUE HALO ARLINGTON CAPITAL FULL#

#BLUE HALO ARLINGTON CAPITAL FULL#

The acquisition of Citadel complements BlueHalo’s directed energy and layered perimeter defense capabilities where the company delivers a full suite of products including the Locust Laser Weapon System and Argus Perimeter Security Solution. When defending against drone swarms and difficult-to-detect threats, Citadel’s AI/ML-powered systems allow operators to identify and terminate enemy UAS threats with unmatched speed, accuracy, and reliability.īlueHalo is a rapidly expanding national security platform with market-leading capabilities spanning directed energy, cUAS, space superiority, space technology, advanced RF, autonomy, and cyber & SIGINT. As part of the contract, Citadel’s Titan counter unmanned aircraft system (cUAS) will be rapidly fielded in response to immediate operational needs.įounded in 2016 by Daniel Magy, Henrik Borgstrom, and Joseph Makol, the San Diego, California-based Citadel develops an automated and modular drone defense solution that uses proprietary machine learning algorithms to detect and engage unwanted drones. Citadel’s cUAS technology is utilized by customers within the Department of Defense and Intelligence Community, as well as civilian, commercial, and international markets.Ĭitadel’s cUAS products leverage proprietary artificial intelligence and machine learning (“AI/ML”) algorithms to enable operators to locate drone threats, track flight paths, and autonomously neutralize threats. In March, Citadel was awarded multiple counter-drone delivery contracts by ‘Five Eyes,’ a group of intelligence agencies from Australia, Canada, NZ, the UK, and the United States. We’ve been covering Citadel for over two years now. The total amount of the deal was not disclosed.Ĭitadel CEO Chris Williams told Tech Startups in an email that the acquisition will complement BlueHalo’s directed energy and layered perimeter defense capabilities and help BlueHalo secure its leading position in the counter unmanned aerial systems (cUAS) market. The acquisition will also help accelerate the transformation of modern warfare to help save lives and advance the National Security mission.

Arlington Capital Partners, BlueHalo and Baird did not return requests for comment.AI-powered drone startup C itadel Defense announced today it has been acquired by BlueHalo, a mid-market defense innovation company backed by Arlington Capital Partners‘ $1.7B investment fund. Jefferies, 元Harris and Leidos declined to comment. The deal values for these transactions were not disclosed. In 2021, BlueHalo bought Development Engineering Services Corporation, Intelligent Automation Systems, Citadel Defense and Asymmetrik. Since inception, BlueHalo has made a number of acquisitions, including the December 2020 purchases of Base2 and Fortego. The company provides products and services in the areas of space superiority, space technology, directed energy/counter-unmanned aerial systems (c-UAS), autonomy, advanced radio frequency (RF), cyber, and signals intelligence (SIGINT). īlueHalo was formed in October 2020 through the combination of AEgis Technologies, Applied Technology Associates and Brilligent Solutions.

It was also reported in June that other potential buyers could include defense and services companies such as CACI International, Lockheed Martin and Northrop Grumman. A report by this news service in June noted an IPO may not be as attractive given the uncertain public market conditions.īlueHalo is marketing itself at around USD 150m in EBITDA, as reported. It was further reported that Arlington Capital was reviewing strategic options for BlueHalo, including a sale or IPO. Baird as its financial advisors, as reported by this news service in May.

Two of these sources said Leidos is also there.īlueHalo mandated Jefferies and Robert W. 元Harris is among those that remain in the mix, the three sources said. This news service reported last month that defense companies 元Harris Technologies and Leidos were among the strategic buyers circling BlueHalo. BlueHalo was targeting strategic buyers in its sale process, as reported. The auction process for the Arlington, Virginia-based company is at a late stage, the three sources said, noting it is past management presentations. The sale process for BlueHalo, an Arlington Capital Partners-backed defense engineering company, has narrowed to at least two remaining strategics, said three sources familiar with the matter.

Blue halo arlington capital