Drone Maker Ondas Says the 'Arms Race' Has Started

• Ondas is acquiring DZYNE Technologies for $875.8 million in a cash and stock deal, aiming to become a full-service autonomous defense technology platform.
• The CEO, Eric Brock, highlights the 'early innings' of a massive adoption cycle for uncrewed and autonomous systems, driven by evolving military doctrine and geopolitics.
• Ondas plans to scale its supply chain, fuel support, services, and sustainment, focusing on 'localization' for US and allied countries, and sees substantial capacity for further M&A.

Ondas, a drone and secure communication developer, is acquiring DZYNE Technologies, a military surveillance and recon drone maker, for $875.8 million in a cash-and-stock deal. This acquisition aims to transform Ondas into a full-service autonomous defense technology platform, capitalizing on the 'early innings' of a massive adoption cycle for uncrewed systems globally.