CEO Jonathan Moneymaker, a veteran of the defense industry, attributes the company's success to its understanding of the military's needs and the procurement process, as well as its ability to innovate quickly. Despite not being at the level of defense tech unicorns like Shield AI, Anduril, or Epirus, Blue Halo is fast approaching $1 billion in revenue and has 2,400 employees across 11 states. The company is planning to go public within a year.
Key takeaways:
- Blue Halo, a defense startup, has designed, tested, and fielded the Army's first major laser weapon system with the backing of private equity firm Arlington Capital Partners.
- The company secured a $1 billion contract from the Pentagon this year and is now delivering its Palletized High Energy Laser (P-HEL) system to the Army.
- Blue Halo also produces autonomous systems, counter-drone technologies, space technology, and cyber warfare solutions, all underpinned by its machine learning software, Metis.
- Following a merger with Eqlipse Technologies, Blue Halo is fast approaching $1 billion in revenue and has 2,400 employees across 11 states.