Combination expands Ondas' portfolio across multi-domain ISR,
counter-UAS, precision strike, mission intelligence and autonomous
systems for U.S. and allied defense customers
Together with World View, DZYNE will operate within Ondas Sentinel, a
newly created business division that will strengthen Ondas' U.S. defense
portfolio
Transaction significantly strengthens Ondas' financial profile, adding
substantial revenue, positive EBITDA and expanded operating leverage
WEST PALM BEACH, FL / ACCESS Newswire / July 6, 2026 / Ondas Inc.
$(ONDS)$ ("Ondas" or the "Company"), a leading provider of advanced
autonomous systems and next-generation defense and security technologies
and services, announced today it has acquired DZYNE Technologies, LLC
("DZYNE"). This acquisition establishes Ondas as a vanguard autonomous
defense platform, uniting complementary capabilities across multi-domain
ISR, counter-UAS, autonomous effects, aerial security, precision strike,
autonomous logistics, and AI-enabled mission orchestration to rapidly
meet the complex, evolving requirements of modern warfare. The
acquisition is valued at $875.8 million and was financed through a cash
and stock structure intended to align the incentives of DZYNE management
and investors with Ondas' stockholders. Greater than 50% of the stock
consideration is subject to a six-month lock-up.
"The character of warfare is changing rapidly, and military advantage
increasingly belongs to organizations capable of deploying autonomous
systems at scale," said Eric Brock, Chairman and Chief Executive Officer
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'
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."
DZYNE, a U.S.-based defense technology company recognized for its
leadership in long-endurance autonomous aircraft, counter-drone systems
and autonomous effects, brings Ondas an operationally mature business
with established relationships across the U.S. defense community and
allied customers, along with a reputation for moving quickly from
prototyping into fielded systems. Ondas believes this combination of
technical depth, mission experience, customer trust and operational
execution makes DZYNE a uniquely valuable strategic asset as defense
organizations accelerate investment in autonomous systems.
"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," said Jeff Hull, President and Chief Executive
Officer of Highlander Partners, the majority owner of DZYNE. "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."
"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,"
said Mark Green, Head of Global Corporate Development & M&A at Ondas. "
Integrating DZYNE into our systems-of-systems architecture expands our
technology leadership while strengthening our operating platform and
financial profile."
Ondas Sentinel: A New Operating Division for U.S. Scale
Ondas has formed Ondas Sentinel, a dedicated operating division unifying
its growing U.S. portfolio of autonomous defense technologies. Initially
intended to integrate World View and DZYNE, it combines persistent ISR,
counter-UAS, autonomous effects and mission intelligence into a scalable
organization built to support larger, more integrated defense programs
while leveraging common technology roadmaps, manufacturing, sustainment
and AI-enabled mission software.
Ryan Hartman, Chief Executive Officer of World View, will serve as Chief
Executive Officer of Ondas Sentinel, while Matt McCue, co-founder and
Chief Executive Officer of DZYNE, will become Chief Technology Officer
of Ondas Sentinel. Together, they will lead the integration of the
businesses and accelerate Ondas' strategy to deliver integrated
autonomous defense solutions at scale.
"Ondas Sentinel creates far more than an organizational structure-it's a
scalable U.S. defense platform," said Ryan Hartman, Chief Executive
Officer of Ondas Sentinel. "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."
Compelling Strategic Fit Accelerates Combined Growth Path
DZYNE adds three strategic franchises to the Ondas platform:
long-endurance ISR, counter-UAS and autonomous effects. These
capabilities have been supported by over $500 million of cumulative R&D
and product development investment and directly address several of the
fastest-growing priorities in defense modernization, including
persistent intelligence, aerial security, affordable mass and
distributed operations.
1) Building a Multi-Domain ISR Architecture from the Stratosphere to the
Tactical Edge
The acquisition of DZYNE significantly advances Ondas' multi-domain ISR
roadmap, reflecting the Company's belief that the future of ISR lies in
integrated architectures, not isolated aircraft or sensors.
DZYNE's ULTRA is a long-endurance autonomous aircraft delivering
multi-day ISR across large operational areas at significantly lower
operating cost and logistical burden than traditional ISR aircraft. With
tens of thousands of operational flight hours, ULTRA brings proven
persistence to distributed operations, border security, maritime
awareness and communications relay-strengthening Ondas' position in
persistent intelligence and bridging World View's stratospheric sensing
with Optimus' tactical-edge autonomous operations.
The combined Ondas ISR portfolio is expected to span:
-- Stratospheric ISR: World View's Stratollites provide persistent sensing,
communications relay and strategic intelligence capabilities from the
stratosphere, supporting wide-area surveillance, maritime awareness,
border security and resilient communications.
-- Long-Endurance Theater ISR: DZYNE's ULTRA and LEAP platforms provide
long-endurance intelligence collection, reconnaissance and communications
relay capabilities for operational theater missions requiring persistence
over extended periods.
-- Tactical ISR: Ondas' Optimus autonomous drone platform and InsightSense
ground sensor technologies provide persistent intelligence and
situational awareness at the tactical edge, combining autonomous aerial
reconnaissance, distributed ground sensing, force protection and
infrastructure monitoring into a unified tactical intelligence layer.
Ondas is also advancing SkyWeaver, an AI-enabled mission operating
system being developed in partnership with Palantir Technologies to
connect sensors, autonomous platforms, operators and decision-makers
across a single operational environment. Built on Palantir Foundry and
AIP, SkyWeaver transforms data across the Ondas and DZYNE portfolios
into actionable intelligence for sensor fusion, decision support,
mission planning and autonomous tasking.
2) IonStrike Completes Ondas' Counter-UAS and Aerial Security Portfolio
DZYNE's IonStrike significantly expands Ondas' counter-UAS portfolio
with a fully kinetic, autonomous interceptor designed to detect, track
and physically defeat hostile drones in flight. Purpose-built to counter
the Shahed-136 class of one-way attack drones and other emerging aerial
threats, IonStrike delivers scalable, low-cost interception at the point
of engagement, providing an affordable alternative to traditional air
defense systems.
IonStrike extends Ondas' aerial security platform beyond detection and
mitigation to complete the kinetic defeat layer of an integrated
counter-UAS architecture, enabling Ondas to own the full mission
chain-from detection and identification to mitigation, interception and
defeat-across military, homeland security and civil markets. Together
with DZYNE's Dronebuster, which we believe to be one of the most widely
fielded handheld counter-UAS systems in the world, Sentrycs' cyber-based
detection and mitigation, and Iron Drone's autonomous interception,
IonStrike forms a layered aerial security architecture against evolving
unmanned threats:
-- Detect: Sentrycs, Dronebuster and integrated airspace awareness
technologies
-- Identify: Sentrycs protocol analytics, sensor fusion and AI-enabled
classification
-- Mitigate: Sentrycs cyber takeover capabilities and Dronebuster electronic
defeat capabilities
-- Defeat: Iron Drone autonomous net interception and IonStrike autonomous
strike
3) Expanding Capabilities in Precision Strike and Autonomous Effects
DZYNE's family of unique, low-cost, attritable autonomous systems
enables Ondas to support a broader spectrum of missions spanning
intelligence, force protection, logistics, and precision effects. As
militaries shift toward "affordable mass," launched effects have been
one of the fastest-growing segments of global defense spending, giving
commanders scalable, expendable systems at a fraction of the cost of
traditional platforms.
DZYNE's portfolio includes the Blitz autonomous Group 1 UAS and
Grasshopper autonomous cargo glider. Blitz pairs long-range autonomy,
(150 km range), expendable economics, swarm capabilities and an open,
modular architecture into a highly scalable platform aligned with the
U.S. Department of War's $(DOW)$ focus on affordable mass and autonomous
effects. Grasshopper delivers up to 500 pounds of critical supplies with
precision into contested or denied environments, at a fraction of the
cost of traditional logistics platforms.
Financial Profile and Updated Outlook
DZYNE is expected to generate $191 million in revenue for the full year
2026, and more than $300 million in 2027. The Company expects a revenue
growth CAGR of greater than 80% from 2025-2028 driven by strong adoption
of both the ULTRA platform for long-endurance ISR applications and the
kinetic interceptor solution, IonStrike, along with a strong
contribution from the counter-drone portfolio, including Dronebuster.
DZYNE is expected to be EBITDA positive in 2026 and beyond. EBITDA
margins are targeted in the mid-teens in 2027, rising to the mid-20%
range by 2028.
For 2026 Ondas is now targeting at least $525 million in revenue,
significantly ahead of the Company's previous target of at least $390
million. The new outlook includes the addition of both DZYNE and the
Company's Omnisys acquisition, which closed on May 21, 2026, and was not
contemplated in the prior outlook. Ondas' new outlook does not include
contributions from Cyberhawk, Ondas' recently announced acquisition that
is expected to close during the third quarter of 2026.
Transaction Summary
Under the terms of the transaction, DZYNE shareholders received $200
million in cash and approximately 85 million Ondas shares valued at
approximately $675 million. The DZYNE shareholders, led by Highlander,
will own approximately 13.8% of Ondas' outstanding shares. Of the 85
million shares, 45 million-more than half the equity consideration-are
subject to a six-month lock-up. Ondas believes this structure balances
liquidity needs for DZYNE shareholders and long-term alignment with
Ondas' stockholders.
For additional information regarding the acquisition, please see the
Current Report on Form 8-K to be filed with the Securities and Exchange
Commission later today. In connection with the acquisition, the Company
approved inducement grants of restricted stock units (RSUs) representing
500,000 shares of the Company's common stock and stock options
exercisable for 1,500,000 shares of the Company's common stock with an
exercise price of $7.92 per share to a total of 255 newly-hired
employees in connection with the acquisition. The equity awards were
granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant
exception as a component of each individual's employment compensation
and were granted as an inducement material to his or her acceptance of
employment with the Company. The RSUs and the stock options vest over 3
years, subject to the applicable employee's continued employment with
the Company.
Advisors
Citizens Capital Markets & Advisory served as exclusive financial
advisor to Ondas and Baird served as exclusive financial advisor to
DZYNE Technologies. Akerman LLP served as legal counsel to Ondas and
Baker McKenzie served as legal counsel to Highlander Partners and DZYNE
Technologies.
Investor Conference Call & Audio Webcast Details
Ondas will host an investor conference call and audio webcast to discuss
the acquisition, the formation of Ondas Sentinel, and the strategic
importance of the transaction to the Company's long-term autonomous
defense strategy.
Date: Monday, July 6, 2026
Time: 8:30 a.m. Eastern Time
Toll-free dial-in number: 844-883-3907
International dial-in number: 412-317-5798
Call participant pre-registration link: here
The Company encourages listeners to pre-register, which allows callers
to gain immediate access and bypass the live operator. Please note that
you can register at any time during the call. For those who choose not
to pre-register, please call the conference telephone number 10-15
minutes prior to the start time, at which time an operator will register
your name and organization.
The conference call will also be broadcast live and available for replay
here and via the investor relations section of the Company's website at
ir.ondas.com. A replay will be accessible from the investor relations
website after completion of the event.
About Ondas Inc.
Ondas Inc. (NASDAQ:ONDS) is a leading provider of autonomous systems,
robotics, and mission-critical technologies for defense, homeland
security, public safety, critical infrastructure, and industrial
markets. The Company develops and deploys integrated unmanned and
autonomous platforms across air, ground, and stratospheric environments,
designed to support intelligence, surveillance, reconnaissance, security,
and operational missions in complex environments. Ondas' solutions are
deployed globally by government, defense, and commercial customers to
protect infrastructure, borders, transportation networks, personnel, and
strategic assets.
For additional information on Ondas Inc., visit www.ondas.com.
About DZYNE Technologies, LLC
DZYNE Technologies is a leading developer of autonomous aerial systems
and advanced defense technologies, delivering innovative solutions
across intelligence, surveillance, reconnaissance, and counter--UAS
missions. The company designs and manufactures a full ecosystem of
unmanned platforms and payloads-including long--endurance Group 2/3
aircraft, rapid--deployment Group 1 systems, and field--proven
counter--drone tools-built to operate in contested and denied
environments. With deep expertise in AI--enabled autonomy, modular
airframe design, and rapid prototyping, DZYNE supports U.S. and allied
defense customers with scalable, mission--ready capabilities that
accelerate decision advantage at the tactical edge.
Forward-Looking Statements
Statements made in this release that are not statements of historical or
current facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. We caution readers
that forward-looking statements are predictions based on our current
expectations about future events. These forward-looking statements are
not guarantees of future performance and are subject to risks,
uncertainties and assumptions that are difficult to predict. Our actual
results, performance, or achievements could differ materially from those
expressed or implied by the forward-looking statements as a result of a
number of factors, including the risks discussed under the heading "Risk
Factors" discussed under the caption "Item 1A. Risk Factors" in Part I
of our most recent Annual Report on Form 10-K or any updates discussed
under the caption "Item 1A. Risk Factors" in Part II of our Quarterly
Reports on Form 10-Q and in our other filings with the SEC. We undertake
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise that occur after that date, except as required by law.
Contacts
IR Contact for Ondas Inc.
888-657-2377
ir@ondas.com
Media Contact for Ondas Inc.
Escalate PR
ondas@escalatepr.com
Preston Grimes
Marketing Manager, Ondas Inc
preston.grimes@ondas.com
Jill Vacek
Director of Communications, Ondas Sentinel
jvacek@worldview.space
SOURCE: Ondas Inc.
View the original press release on ACCESS Newswire
(END) Dow Jones Newswires
July 06, 2026 09:08 ET
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