BlueHalo increases annual revenue to 1B with latest national defense acquisition

BlueHalo increases annual revenue to $1B with latest national defense acquisition

BlueHalo has announced the acquisition of Eqlipse Technologies (Eqlipse), a provider of differentiated  products and solutions to the Department of Defense (DoD) and Intelligence Community (IC).

BlueHalo, a developer of next-generation capabilities for the Space and Military industries, intends to utilize Eqlipse’s technical talent and suite of products to deliver enhanced scale and broader capabilities to the company’s customers, accelerating the development and fielding of its advanced defense technologies.

The combined entity will have a total employee count of nearly 2,400 across 11 states and annual revenue approaching $1B. The transaction is expected to close in Q1 2024 and current BlueHalo Chief Executive Officer, Jonathan Moneymaker, will lead the combined company. 

“The only constant in global defense is the certainty that threats will continue to evolve, new  battlefields will emerge, and the landscape will change,” said Moneymaker. “Combining BlueHalo and Eqlipse creates an enhanced organization with the proven ability to deliver on some of the most complex and challenging problems our customers face in these uncertain times.”

Since forming in 2019, BlueHalo has established itself as a key partner to the DoD and IC, serving as the prime contractor awardee on top-priority contracts such as Space Force’s recent $1.4B Satellite Communication Augmentaion Resource (SCAR) program.

BlueHalo is also the first to field a successfully operational High Energy Laser Counter-Unmanned Autonomous Systems (C UAS) with its LOCUST system and has become a leader in Radio Frequency (RF) C-UAS, delivering its 1,000th system last year. From laser communication payloads to critical Class-A satellite  subsystems, BlueHalo has more than 260 systems flying on-orbit. 

Eqlipse offers a deep portfolio of solutions delivering industry-leading capabilities, spanning full spectrum cyber and signals intelligence (SIGINT) engineering, Electronic Warfare (EW), digital operations and identity management, and cutting-edgeR&D.

“I’m incredibly proud of what we have been able to accomplish to date with Eqlipse and am excited for the many benefits this acqusition will provide for both our employees and our  customers,” said Dennis Kelly, CEO of Eqlipse. “With enhanced scale and capabilities, BlueHalo will remain dedicated to providing the rapid innovation needed by our customers and delivering a protective ring around everything we hold dear.” 

Upon completion of the transaction, BlueHalo will hold nearly 90 patents, employ more than 200 PhDs in relevant fields, and offer 20 product lines featuring solutions across four key mission areas: Space, C-UAS & Autonomous Systems, Cyber & EW, and Artificial Intelligence (AI)–all stated priority areas for the DoD.

The company will remain headquartered in Arlington, VA.

BlueHalo and Eqlipse are both portfolio companies of Arlington Capital Partners, a Washington, D.C-area private investment firm specializing in government regulated industries.