Ondas Holdings completed its $875.8 million acquisition of DZYNE Technologies on July 2, 2026, establishing what the company describes as the leading autonomous defense platform and prompting Ondas to raise its full-year 2026 revenue forecast to at least $525 million, up 35% from a prior target of $390 million.
Under the transaction terms, DZYNE shareholders received $200 million in cash and approximately 85 million Ondas shares valued at roughly $675 million, according to the company’s press release. DZYNE investors, led by Highlander Partners, will own approximately 13.8% of Ondas’ outstanding shares post-closing, with more than half the equity consideration subject to a six-month lock-up.
DZYNE brings three strategic capabilities to Ondas: long-endurance ISR aircraft, counter-UAS systems, and autonomous effects platforms. The company is known for its ULTRA long-endurance autonomous aircraft, which has logged tens of thousands of operational flight hours and delivers multi-day intelligence, surveillance and reconnaissance across large operational areas. DZYNE also markets Dronebuster, a handheld counter-drone system, and IonStrike, a kinetic autonomous interceptor designed to defeat hostile unmanned aircraft.
The acquisition directly addresses what Ondas CEO Eric Brock called the shifting character of modern warfare. “Military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale,” Brock said in the announcement. “DZYNE brings exceptional technology, world-class engineering talent and mission-ready systems across long-endurance ISR, counter-UAS and autonomous effects.”
Ondas expects DZYNE to generate $191 million in revenue for the full year 2026 and more than $300 million in 2027, with a projected revenue growth compound annual growth rate exceeding 80% from 2025 through 2028. The company is expected to be EBITDA positive in 2026 and beyond, with EBITDA margins targeted in the mid-teens in 2027 and rising to the mid-20% range by 2028.
To integrate the acquisition, Ondas created a new operating division called Ondas Sentinel, combining DZYNE with World View, the company’s stratospheric ISR platform. Ryan Hartman, CEO of World View, leads Ondas Sentinel, while Matt McCue, DZYNE’s co-founder and CEO, becomes Chief Technology Officer of the division. The combined entity aims to support larger, more integrated defense programs while leveraging shared technology roadmaps and manufacturing.
The deal also adds $1.5 billion to Ondas’ three-year opportunity pipeline and $111 million in backlog as of June 30, 2026. This follows Ondas’ May 21, 2026 acquisition of Omnisys, an Israeli developer of AI-powered battlefield orchestration software, which contributed to the prior revenue guidance increase to $390 million.
Analyst Jonathan Siegmann at Stifel reaffirmed a Buy rating on Ondas stock with an $18 price target, citing the strategic fit of DZYNE’s capabilities and a clear path to $1 billion in annual revenue by 2027. Analysts at Needham and Stifel both see the combined platform as well-positioned to capitalize on accelerating defense spending on autonomous systems.
Sources
- Ondas Holdings (press release) — Official announcement of DZYNE acquisition completion, deal terms, revenue guidance raise, and Ondas Sentinel division formation
- Investing.com — Analyst coverage: Stifel reaffirms Buy rating and price target following DZYNE deal
- TradingView / Zacks — Stock price reaction and market context on the acquisition announcement
- Quiver Quantitative — DZYNE financial projections and analyst price targets
- The Globe and Mail — Pipeline and backlog figures from deal materials
