Ondas announced that it has acquired DZYNE Technologies in a transaction valued at $875.8 million. The acquisition expands Ondas’ portfolio across multi-domain ISR, counter-UAS, precision strike, mission intelligence, autonomous logistics, and autonomous systems for U.S. and allied defense customers.
DZYNE is a U.S.-based defense technology company focused on long-endurance autonomous aircraft, counter-drone systems, and autonomous effects. Ondas said the acquisition establishes the company as a next-generation autonomous defense platform by combining mission-proven technologies across multiple defense and security domains.
DZYNE brings established relationships across the U.S. defense community and allied customers. The company has also built a reputation for moving quickly from prototyping to fielded systems.
Together with World View, DZYNE will operate within Ondas Sentinel, a newly created business division. Ondas Sentinel is designed to unify Ondas’ U.S. defense portfolio across persistent ISR, counter-UAS, autonomous effects, and mission intelligence.
Ryan Hartman, CEO of World View, will serve as CEO of Ondas Sentinel. Matt McCue, co-founder and CEO of DZYNE, will become Chief Technology Officer of Ondas Sentinel.
The acquisition adds three major strategic franchises to Ondas: long-endurance ISR, counter-UAS, and autonomous effects. Ondas said these capabilities have been supported by more than $500 million of cumulative R&D and product development investment.
DZYNE’s ULTRA platform is a long-endurance autonomous aircraft designed for multi-day ISR missions across large operational areas. Ondas said ULTRA has logged tens of thousands of operational flight hours and can support distributed operations, border security, maritime awareness, and communications relay.
The combined Ondas ISR portfolio is expected to span stratospheric, theater-level, and tactical intelligence capabilities. This includes World View’s Stratollites, DZYNE’s ULTRA and LEAP platforms, and Ondas’ Optimus autonomous drone platform and InsightSense ground sensor technologies.
Ondas is also developing SkyWeaver, an AI-enabled mission operating system in partnership with Palantir Technologies. SkyWeaver is being built on Palantir Foundry and AIP to connect sensors, autonomous platforms, operators, and decision-makers across a single operational environment.
DZYNE’s IonStrike expands Ondas’ counter-UAS portfolio with a kinetic autonomous interceptor designed to detect, track, and physically defeat hostile drones in flight. Ondas said IonStrike complements its layered aerial security platform, which includes Sentrycs, Dronebuster, and Iron Drone.
The acquisition also expands Ondas’ precision strike and autonomous effects capabilities. DZYNE’s portfolio includes the Blitz autonomous Group 1 UAS and Grasshopper autonomous cargo glider, which are designed to support missions spanning intelligence, force protection, logistics, and precision effects.
Blitz combines long-range autonomy, expendable economics, swarm capabilities, and an open modular architecture. Grasshopper is designed to deliver up to 500 pounds of critical supplies into contested or denied environments.
DZYNE is expected to generate $191 million in revenue in 2026 and more than $300 million in 2027. Ondas also expects DZYNE to be EBITDA positive in 2026 and beyond, with EBITDA margins targeted in the mid-teens in 2027 and the mid-20% range by 2028.
Ondas is now targeting at least $525 million in 2026 revenue, compared with its previous target of at least $390 million. The updated outlook includes the addition of DZYNE and the company’s Omnisys acquisition, which closed in May 2026, but does not include contributions from Cyberhawk, which Ondas expects to close in the third quarter of 2026.
Under the terms of the transaction, DZYNE shareholders received $200 million in cash and approximately 85 million Ondas shares valued at about $675 million. DZYNE shareholders, led by Highlander Partners, will own approximately 13.8% of Ondas’ outstanding shares, and 45 million of the shares are subject to a six-month lock-up.
Citizens Capital Markets & Advisory served as exclusive financial advisor to Ondas. Baird served as exclusive financial advisor to DZYNE Technologies, Akerman served as legal counsel to Ondas, and Baker McKenzie served as legal counsel to Highlander Partners and DZYNE.
KEY QUOTES:
“The character of warfare is changing rapidly, and military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale. 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’ build-out 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. Importantly, DZYNE significantly strengthens Ondas’ financial profile, adding substantial scale and revenue growth. DZYNE is EBITDA positive with a strong and growing margin profile, accelerating Ondas’ path towards profitable, long-term growth.”
Eric Brock, Chairman and CEO of Ondas
“We structured this transaction to take the majority of our consideration in Ondas equity because we believe in the long-term value of the combined platform. As a firm that invests our own proprietary capital with a patient, long-term horizon, our equity position reflects genuine conviction – not just in DZYNE’s capabilities, but in Ondas’ vision to build a scaled global operating platform for unmanned and autonomous systems serving the defense, security, and critical infrastructure markets. DZYNE’s ISR, counter-UAS, and expendable systems are a natural extension of that architecture, and we believe DZYNE’s technology and team will thrive inside Ondas as part of its broader system-of-systems strategy – together positioned to be a leader in autonomous defense.”
Jeff Hull, President and CEO of Highlander Partners
“This acquisition exemplifies our Strategic Growth Program by adding an operationally mature defense technology company with market-leading products, deep customer relationships and immediate financial scale. Integrating DZYNE into our systems-of-systems architecture expands our technology leadership while strengthening our operating platform and financial profile.”
Mark Green, Head of Global Corporate Development & M&A at Ondas
“Ondas Sentinel creates far more than an organizational structure-it’s a scalable U.S. defense platform. By combining World View’s persistent sensing with DZYNE’s mission-proven autonomous systems, effectors, and counter-UAS capabilities, we can engage customers across more mission areas, pursue larger programs and help operators see more, decide faster and act with confidence.”
Ryan Hartman, CEO of Ondas Sentinel
