Ondas acquires DZYNE Technologies
The $875.8M deal includes $200M cash and 85M shares, expanding Ondas' autonomous defense portfolio.
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Provider of technology platforms that digitize industrial and government operations
ondas.comLast updated
In short: Ondas achieved record financial growth and expanded its defense portfolio through several major acquisitions including Mistral and Cyberhawk.
The $875.8M deal includes $200M cash and 85M shares, expanding Ondas' autonomous defense portfolio.
The integration enhances Lockheed Martin's Sanctum C-UAS platform with precise cyber-based detect-to-defeat capabilities against evolving drone threats.
The new orders bring Q2-to-date orders over $150M, and Rotron's SkyLance trial under UK MoD Project Brakestop advances the LMS platform.
The cash-funded deal adds Cyberhawk's drone inspection platform and AI analytics to Ondas' autonomous systems.
Ondas Inc. agreed to buy autonomous aircraft maker DZYNE Technologies in an $875.8 million cash-and stock-deal that positions Ondas as a full-service autonomous defense technology platform.
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