Ondas Inc. (Nasdaq: ONDS) has acquired long-endurance ISR and counter-drone specialist DZYNE Technologies for approximately $875.8 million, the largest strategic move yet from the West Palm Beach-based autonomous defense company. The cash-and-stock deal closed July 6, 2026 and immediately establishes a new operating division called Ondas Sentinel that pulls DZYNE together with previously acquired stratospheric platform provider World View.
Deal Terms And New Sentinel Division
Under the terms of the transaction, DZYNE shareholders received $200 million in cash and roughly 85 million Ondas shares valued at about $675 million, according to the joint announcement. Highlander Partners, which controlled DZYNE, will hold about 13.8% of Ondas' outstanding shares, with 45 million of the equity shares subject to a six-month lock-up. Ryan Hartman, chief executive of World View, will lead the new Ondas Sentinel division as CEO, with DZYNE co-founder Matt McCue moving into the chief technology officer seat. Ondas expects Sentinel to unify persistent ISR, counter-UAS, autonomous effects and mission-intelligence programs under a single U.S. defense platform.
What DZYNE Brings To The Combined Platform
DZYNE arrives with three strategic franchises: long-endurance ISR, counter-UAS and autonomous effects, backed by more than $500 million of cumulative research spend. Its flagship ULTRA aircraft delivers multi-day intelligence, surveillance and reconnaissance across large operational areas with tens of thousands of flight hours logged, complementing World View's stratospheric Stratollite and Ondas' Optimus tactical drone. The portfolio also includes the LEAP long-endurance UAS, the Grasshopper autonomous cargo glider, and the Blitz Group 1 attritable UAS with 150 km range built for the Pentagon's affordable-mass strategy.
On the counter-drone side, DZYNE's IonStrike kinetic interceptor targets the Shahed-136 class of one-way attack drones, while its widely fielded Dronebuster handheld system anchors the electronic defeat layer. Ondas plans to slot IonStrike into an integrated architecture alongside Sentrycs' cyber takeover technology and Iron Drone's autonomous net interception, extending a stack it recently expanded with the $196.6M Omnisys acquisition and the MODUS and IRON WAVE reveals at Eurosatory.
Financial Impact And Growth Outlook
DZYNE is expected to generate $191 million in revenue for full-year 2026 and more than $300 million in 2027, with EBITDA-positive results and margins targeted in the mid-20% range by 2028. Off the back of the deal, Ondas lifted its 2026 revenue guidance to at least $525 million, up from a previous $390 million floor. The outlook incorporates DZYNE and Omnisys but excludes the Cyberhawk acquisition expected to close in the third quarter. Chief executive Eric Brock framed the transaction as evidence that military advantage is shifting to organizations able to deploy autonomous systems at scale.
Why It Matters
The deal is the largest yet in a wave of consolidation among mid-cap U.S. autonomous-defense companies chasing Pentagon and allied budgets shaped by Ukraine, Red Sea and Indo-Pacific operations. Ondas is now building a systems-of-systems architecture spanning stratospheric, theater and tactical ISR, with SkyWeaver, an AI mission-operating system developed with Palantir Technologies on Foundry and AIP, wiring the layers together. Peers including AeroVironment and Kratos are chasing similar counter-drone and ISR mandates, but few have combined a listed vehicle with an operationally mature manufacturer of long-endurance UAS in a single move of this size.
Reporting based on coverage from Ondas Inc. and DZYNE Technologies press releases, DroneLife, UAS Weekly and Inside Unmanned Systems.