[CLSTR]
API
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

4 clusters · 12 sources · 28 days · First seen · Last updated

Shield AI to acquire Echodyne for up to $5.3 billion

Overview

Echodyne and ACS entered a strategic collaboration to develop and deploy integrated counter-unmanned aircraft systems (C-UAS) globally. This partnership combines Echodyne’s EchoShield radar with ACS’s Bullfrog robotic weapon station to detect and neutralize aerial threats for land and maritime missions.

Shield AI has since announced a deal to acquire Echodyne for up to $5.3 billion, a figure that includes a potential $500 million based on Echodyne meeting specific operational targets. To finance the transaction, Shield AI is raising $2.5 billion through a combination of a $1 billion Series H funding round, $1 billion in structured equity from Blackstone managed funds, and $500 million in debt financing organized by JPMorgan Chase Bank. The Series H round values Shield AI at $28.8 billion.

The acquisition aims to integrate Echodyne’s 4D MESA radar technology with Shield AI’s Hivemind autonomy software and V-Bat unmanned aerial vehicles. Echodyne CEO Eben Frankenberg noted that the move responds to “red hot” global demand for counter-drone capabilities. While Echodyne will continue to sell its radar technology to various manufacturers, the combined entity is expected to employ approximately 2,700 people. The deal is slated to close in early 2027, pending regulatory approval.

Entities

Shield AI · Blackstone · Brandon Tseng · Echodyne · Gary Steele

Timeline

  1. [BUSINESS] 3 sources
    Shield AI reaches $28.8 billion valuation following $2.5 billion financing

    Shield AI achieved a $28.8 billion valuation after securing $2.5 billion in financing, including a $1 billion Series H round.

  2. [BUSINESS] 2 sources
    Shield AI to acquire radar manufacturer Echodyne for up to $5.3 billion

    Shield AI is acquiring radar producer Echodyne for up to $5.3 billion, raising $2.5 billion to integrate advanced sensing technology with its autonomous defense systems.

  3. [BUSINESS] 9 sources
    Shield AI to acquire Echodyne in $5.3 billion deal

    Shield AI is acquiring radar maker Echodyne for over $5 billion to bolster its drone detection and counter-drone technology capabilities for military and civilian customers.

  4. [TECHNOLOGY] 4 sources
    Echodyne and ACS partner to advance counter-drone technology

    Echodyne and ACS are partnering to integrate EchoShield radar with Bullfrog robotic weapon stations to enhance global counter-drone (C-UAS) capabilities for land and maritime defense.

Sources

citybuzz.co · defensenews.com · econoTimes.com · everything-pr.com · finance.technews.tw · merca2.es · militaryleak.com · milmag.pl · nationalcybersecurity.com · siliconangle.com · techinside.com · webrazzi.com

This summary has been updated 1 time: see revision history