Ondas said it has acquired DZYNE Technologies, adding a U.S.-based defense technology business to its portfolio and creating what it described as an autonomous defense platform spanning persistent intelligence, aerial security and autonomous effects.
The company said the deal combines cash and stock, with more than half of the stock portion subject to a six-month lock-up.
On the financial side, Ondas pointed to DZYNE revenue of $191 million in 2026, with that figure expected to rise to more than $300 million in 2027. It said the business is on track for more than 80% compound annual growth from 2025 through 2028.
DZYNE also brings a $1.5 billion three-year pipeline and $111 million in backlog as of June 30, 2026.
Ondas said EBITDA margin is expected to be positive in 2026, improve to the mid-teens in 2027 and reach the mid-20% range by 2028.
The acquisition expands Ondas into long-endurance ISR, counter-UAS and autonomous effects, and it said the deal strengthens customer access across U.S. and allied defense markets. Ondas also said the transaction gives it a broader manufacturing base and a more integrated mission architecture for larger programs. As a result of these announcements, the company's shares have moved 5.2% on the market, and are now trading at a price of $7.795. Check out the company's full 8-K submission here.
