Ondas acquires DZYNE for $875.8M, expanding its defense capabilities

Grasshopper delivers autonomous aerial resupply in contested environments. | Source: DZYNE Technologies

Ondas Inc. last week acquired DZYNE Technologies LLC, an Irvine, Calif.-based defense technology company. The acquisition is valued at $875.8 million and was financed through a cash-and-stock structure.

Ondas said the acquisition will give it complementary capabilities across multi-domain intelligence, surveillance, and reconnaissance (ISR); counter-uncrewed aerial systems ( UAS ); precision strike; mission intelligence; and autonomous systems to address the evolving needs of U.S. and allied defense customers

“The character of warfare is changing rapidly, and military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale,” stated Eric Brock, chairman and CEO of Ondas. “DZYNE brings exceptional technology, world-class engineering talent and mission-ready systems across long-endurance ISR, counter-UAS, and autonomous effects.”

“The combination with DZYNE accelerates Ondas’ buildout of the next-generation autonomous defense platform—not through a single breakthrough product, but by integrating complementary, mission-proven technologies into a scaled operating platform,” he added.

Founded in 2012, DZYNE specializes in the rapid design, development, and deployment of advanced systems. The company integrates artificial intelligence into its long-endurance autonomous aircraft and can provide full-motion video and video processing, autonomous navigation, and tracking and targeting capabilities. Ondas said it is an operationally mature business with established relationships across the defense community.

Ondas said it expects DZYNE to generate $191 million in revenue for the full year 2026 and more than $300 million in 2027. For 2026, Ondas is now targeting at least $525 million in revenue.

Founded in 2006, Ondas sells robots, drones, and networking technology through its Ondas Autonomous Systems (OAS) and Ondas Networks units. It serves a variety of industries, including rail, energy, public safety, critical infrastructure, and government markets.

The West Palm Beach, Fla.-based company last year closed its underwritten offering of 46 million shares of its common stock. Ondas estimated that it brought in $217 million from the offering.

Ondas said DZYNE advances its multi-domain roadmap. DZYNE’s ULTRA is a long-endurance autonomous aircraft delivering multi-day ISR across large operational areas. The system has already logged tens of thousands of operational flight hours. With DZYNE, Ondas said its portfolio will span stratospheric, long-endurance theater, and tactical ISR.