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StocksMedium•19 February 2026•

1 min read

AeroVironment Eyes $290 Target Following $4.1 Billion BlueHalo Acquisition

A Boeing 737 MAX airplane flying over a US flag map. Two other planes are in a factory below, with parts and tools in the foreground.

AeroVironment (AVAV) is positioning itself for a new phase of accelerated growth following its strategic $4.1 billion acquisition of BlueHalo. The merger significantly diversifies the company’s portfolio, integrating advanced space technology and directed energy systems like the LOCUST laser. Financial analysts highlight a strong revenue visibility of 93% for the fiscal year 2026, supported by a massive combined backlog. This backlog includes $1.1 billion in funded orders and an additional $3 billion in unfunded opportunities, providing a stable long-term outlook. With a target revenue of $2 billion, the company is well-placed to capitalize on rising global defense spending. Consequently, market experts have set a fair value estimate of $290 per share for AVAV stock, reflecting a bullish sentiment on its integration capabilities.