WASHINGTON — Autonomy firm Ondas Inc. has finalized an $875.8 million deal to acquire drone and counter-drone company DYZNE, Ondas executives told reporters today.
The acquisition, hammered out last week, “fundamentally changes the scale and earnings profile of Ondas,” said CEO Eric Brock. As a result, the company is now raising its revenue projections for 2026 from $390 million to $525 million.
Brock said the expectation of “substantial growth” is driven by “two major product franchises,” both of them built by DYZNE.
The one already in widespread service is the Ultra long-endurance, high-altitude recon drone. Ultra boasts a three-day flight time at 25,000 feet and has “tens of thousands of operational flight hours” with US and allied forces, Brock said. It’s currently in transition to an official Air Force program of record.
The “other hero product” from DYZNE, Brock said, is a newly developed low-cost drone-killing drone, the IonStrike interceptor, intended as an affordable defense against the Iranian-developed but widely copied Shahed-136 attack drone. It was field-tested by the Army in May. Although no sales have been announced yet, Brock said, “we’re responding to a significant number of RFIs, RFPs to field that.”
