Deal unites World View’s stratospheric sensing with DZYNE’s long-endurance ISR, counter-UAS and precision-effects portfolio, and pushes Ondas’ 2026 revenue target to at least $525 million.
Ondas Inc. has acquired DZYNE Technologies, LLC in a cash-and-stock transaction valued at approximately $875.8 million, the company announced July 6. The deal combines Ondas’ autonomous drone, counter-UAS and wireless communications businesses with DZYNE’s long-endurance aircraft, kinetic counter-drone and precision-effects portfolio, and will operate alongside stratospheric-sensing subsidiary World View inside a newly formed division called Ondas Sentinel. Ondas said the combination establishes it as a platform spanning multi-domain ISR, counter-UAS, autonomous effects, aerial security, precision strike, autonomous logistics and AI-enabled mission orchestration.
“The character of warfare is changing rapidly, and military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale,” said Eric Brock, Chairman and Chief Executive Officer of Ondas. “DZYNE brings exceptional technology, world-class engineering talent and mission-ready systems across long-endurance ISR, counter-UAS and autonomous effects. The combination with DZYNE accelerates Ondas’ build-out of the next-generation autonomous defense platform, not through a single breakthrough product, but by integrating complementary, mission-proven technologies into a scaled operating platform. Importantly, DZYNE significantly strengthens Ondas’ financial profile, adding substantial scale and revenue growth. DZYNE is EBITDA positive with a strong and growing margin profile, accelerating Ondas’ path towards profitable, long-term growth.”
DZYNE, led by co-founder and chief executive Matt McCue, brings Ondas an operationally mature business with established relationships across the U.S. defense community and allied customers, along with a track record of moving quickly from prototyping into fielded systems, according to Ondas. Highlander Partners, DZYNE’s majority owner, opted to take most of its consideration in Ondas equity rather than cash.
“We structured this transaction to take the majority of our consideration in Ondas equity because we believe in the long-term value of the combined platform,” said Jeff Hull, President and Chief Executive Officer of Highlander Partners. “As a firm that invests our own proprietary capital with a patient, long-term horizon, our equity position reflects genuine conviction, not just in DZYNE’s capabilities, but in Ondas’ vision to build a scaled global operating platform for unmanned and autonomous systems serving the defense, security, and critical infrastructure markets. DZYNE’s ISR, counter-UAS, and expendable systems are a natural extension of that architecture, and we believe DZYNE’s technology and team will thrive inside Ondas as part of its broader system-of-systems strategy, together positioned to be a leader in autonomous defense.”
“This acquisition exemplifies our Strategic Growth Program by adding an operationally mature defense technology company with market-leading products, deep customer relationships and immediate financial scale,” said Mark Green, Head of Global Corporate Development and M&A at Ondas. “Integrating DZYNE into our systems-of-systems architecture expands our technology leadership while strengthening our operating platform and financial profile.”
Ondas Sentinel: A New Division Built for U.S. Scale
Ondas has formed Ondas Sentinel, a dedicated operating division unifying its growing U.S. portfolio of autonomous defense technologies. Initially bringing together World View and DZYNE, the division combines persistent ISR, counter-UAS, autonomous effects and mission intelligence into an organization built around common technology roadmaps, manufacturing, sustainment and AI-enabled mission software, with an eye toward pursuing larger, more integrated defense programs.
World View chief executive Ryan Hartman will serve as chief executive of Ondas Sentinel, while DZYNE co-founder and chief executive Matt McCue becomes the division’s chief technology officer. The two will lead integration of the businesses.
“Ondas Sentinel creates far more than an organizational structure, it’s a scalable U.S. defense platform,” said Hartman. “By combining World View’s persistent sensing with DZYNE’s mission-proven autonomous systems, effectors, and counter-UAS capabilities, we can engage customers across more mission areas, pursue larger programs and help operators see more, decide faster and act with confidence.”
Ondas said DZYNE’s three strategic franchises, long-endurance ISR, counter-UAS and autonomous effects, are backed by more than $500 million in cumulative R&D and product development investment and address several of the fastest-growing priorities in defense modernization: persistent intelligence, aerial security, affordable mass and distributed operations.
A Multi-Domain ISR Architecture, Stratosphere to Tactical Edge
Ondas frames the acquisition as advancing an integrated ISR architecture rather than a single new aircraft or sensor. DZYNE’s ULTRA, a long-endurance autonomous aircraft with tens of thousands of operational flight hours, is positioned to deliver multi-day ISR across large operational areas at lower operating cost and logistical burden than traditional ISR aircraft, supporting distributed operations, border security, maritime awareness and communications relay. Ondas describes ULTRA as bridging World View’s stratospheric sensing with the tactical-edge autonomous operations of its Optimus platform.
The combined ISR portfolio is expected to span three tiers: World View’s Stratollites providing persistent stratospheric sensing, communications relay and strategic intelligence for wide-area surveillance, maritime awareness, border security and resilient communications; DZYNE’s ULTRA and LEAP platforms providing long-endurance theater ISR, reconnaissance and communications relay for operational missions requiring extended persistence; and Ondas’ Optimus autonomous drone platform together with its InsightSense ground sensors providing tactical-edge intelligence, combining aerial reconnaissance, distributed ground sensing, force protection and infrastructure monitoring into a single tactical intelligence layer.
Underpinning that architecture is SkyWeaver, an AI-enabled mission operating system Ondas is developing with Palantir Technologies, built on Palantir Foundry and AIP, intended to connect sensors, autonomous platforms, operators and decision-makers across a single operational environment and turn data across the Ondas and DZYNE portfolios into sensor fusion, decision support, mission planning and autonomous tasking.
IonStrike Completes the Counter-UAS Kill Chain
DZYNE’s IonStrike, a fully kinetic autonomous interceptor designed to detect, track and physically defeat hostile drones in flight, extends Ondas’ counter-UAS portfolio beyond detection and mitigation into kinetic defeat. Ondas said IonStrike is purpose-built to counter Shahed-136-class one-way attack drones and other emerging aerial threats, delivering scalable, low-cost interception as an alternative to traditional air defense systems.
Combined with DZYNE’s handheld Dronebuster system, which Ondas describes as among the most widely fielded handheld counter-UAS tools in the world, along with Sentrycs’ cyber-based detection and mitigation and Iron Drone’s autonomous net interception, IonStrike gives Ondas a layered aerial security architecture spanning detection (Sentrycs, Dronebuster and integrated airspace awareness), identification (Sentrycs protocol analytics, sensor fusion and AI-enabled classification), mitigation (Sentrycs cyber takeover and Dronebuster electronic defeat) and kinetic defeat (Iron Drone net interception and IonStrike autonomous strike) across military, homeland security and civil markets.
Precision Strike and Attritable Autonomous Effects
DZYNE’s family of low-cost, attritable autonomous systems extends Ondas into a broader mission set spanning intelligence, force protection, logistics and precision effects. As militaries pursue what the industry calls “affordable mass,” launched effects have become one of the fastest-growing segments of global defense spending, giving commanders scalable, expendable systems at a fraction of the cost of traditional platforms.
The Blitz autonomous Group 1 UAS pairs a 150-kilometer range with expendable economics, swarm capability and an open, modular architecture that Ondas says aligns with the Pentagon’s push toward affordable mass and autonomous effects. The Grasshopper autonomous cargo glider is designed to deliver up to 500 pounds of critical supplies into contested or denied environments at a fraction of the cost of traditional logistics platforms.
Financial Profile and Updated Outlook
DZYNE is projected to generate $191 million in revenue in 2026 and more than $300 million in 2027, with Ondas forecasting a revenue growth compound annual rate above 80% from 2025 through 2028, driven by adoption of the ULTRA platform, the IonStrike interceptor and the counter-drone portfolio including Dronebuster. Ondas expects DZYNE to be EBITDA positive in 2026 and beyond, with EBITDA margins targeted in the mid-teens in 2027 rising to the mid-20% range by 2028.
For 2026, Ondas is now targeting at least $525 million in revenue, up from its previous target of at least $390 million. The new outlook folds in both DZYNE and Ondas’ Omnisys acquisition, which closed May 21, 2026, but does not yet include any contribution from Cyberhawk, an Ondas acquisition announced separately and expected to close in the third quarter of 2026.
With Ondas Sentinel now housing World View and DZYNE under Hartman and McCue, the near-term signal for IUS readers to track is how quickly the division converts its combined ISR-to-effects architecture, and the SkyWeaver mission software being built with Palantir, into program wins that reflect the “systems-of-systems” pitch Ondas is making to defense customers. The pending Cyberhawk close later this quarter, layered on top of DZYNE and the already-completed Omnisys acquisition, will be the next test of how fast Ondas can integrate acquired capability without diluting the operating leverage it is promising investors.
