Ondas has acquired US defence technology company DZYNE Technologies in a cash-and-stock transaction valued at approximately $875.8 million. The deal substantially expands Ondas’ position in autonomous military systems, adding long-endurance surveillance aircraft, counter-drone technology and expendable autonomous platforms to its existing portfolio.
The transaction was completed on July 2, 2026, four days before the companies publicly announced it. Ondas acquired all outstanding interests in High Point UAS, the holding company containing DZYNE and its related businesses. The purchase price consists of approximately $200 million in cash and almost 85 million Ondas shares. Around 40 million shares were issued at closing, while a further 45 million are due to be delivered to the sellers on January 4, 2027.
DZYNE’s former shareholders, led by private-equity firm Highlander Partners, are expected to hold approximately 13.8 percent of Ondas’ outstanding shares. More than half of the equity consideration is subject to an initial six-month lock-up.
The acquisition marks a further shift by Ondas towards becoming an integrated supplier of autonomous defence technology. Rather than focusing on a single drone or counter-drone product, the company is assembling systems for surveillance, data processing, mission planning, electronic countermeasures and physical interception.
DZYNE contributes three main product groups. Its ULTRA and LEAP unmanned aircraft are designed for long-endurance intelligence, surveillance and reconnaissance missions. According to Ondas, the ULTRA platform has accumulated tens of thousands of flight hours and can support missions including border surveillance, maritime monitoring and communications relay.
The acquisition also adds DZYNE’s counter-unmanned aircraft systems. These include Dronebuster, a handheld electronic counter-drone device, and IonStrike, an autonomous interceptor intended to physically engage hostile drones. Ondas plans to combine these products with technology already held within the group, including Sentrycs’ radio-frequency detection and takeover systems and Iron Drone’s net-based interception technology.
DZYNE’s portfolio further includes Blitz, a compact autonomous aircraft with a stated range of up to 150 kilometres, and Grasshopper, an autonomous cargo glider designed to deliver supplies into contested or difficult-to-reach areas. Ondas presents these platforms as part of a growing military focus on lower-cost autonomous systems that can be deployed in larger numbers.
“The character of warfare is changing rapidly, and military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale,” said Ondas CEO Eric Brock. He said the acquisition was intended to combine several complementary technologies in one operating platform rather than depend on a single product.
New Ondas Sentinel division
DZYNE will become part of Ondas Sentinel, a newly established US defence division that will initially combine DZYNE with World View Enterprises. Ondas acquired World View earlier in 2026 to add stratospheric surveillance and communications platforms to its portfolio.
Ryan Hartman, CEO of World View, has been appointed CEO of Ondas Sentinel. DZYNE co-founder and CEO Matt McCue will become the division’s chief technology officer. The business is intended to combine World View’s high-altitude sensing systems with DZYNE’s long-endurance aircraft, counter-drone products and autonomous effectors.
Ondas is also developing SkyWeaver, an AI-enabled mission software environment in partnership with Palantir Technologies. The proposed system is intended to connect sensors, autonomous vehicles, operators and command systems, using Palantir Foundry and its Artificial Intelligence Platform for functions including sensor fusion, mission planning and autonomous tasking.
Revenue forecast raised
Ondas expects DZYNE to generate approximately $191 million in revenue during 2026 and more than $300 million in 2027. The company says DZYNE is expected to be EBITDA-positive in 2026, with an EBITDA margin in the mid-teens targeted for 2027. These figures are company forecasts and have not yet been supported by the historical financial statements required for the acquisition filing.
Following the DZYNE transaction and the earlier acquisition of defence software company Omnisys, Ondas increased its expected 2026 revenue from at least $390 million to at least $525 million. That forecast does not include a contribution from Cyberhawk, another announced acquisition that Ondas expects to complete during the third quarter of 2026.
