Largest US small-UAS manufacturer. $716M FY2025 revenue. Switchblade 300/600 loitering munitions (heavily used in Ukraine), Puma + Raven + Wasp tactical UAVs, JUMP-20 Group 3 UAS. Acquired BlueHalo Oct 2024 for $4.1B (space, directed energy, counter-UAS) — meaningfully expands portfolio.
