Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition
Shield AI is set to acquire Echodyne Corp., a radar company, in a $5.3 billion deal and raise $2.5 billion at a $28.8 billion valuation. The acquisition expands Shield's presence in the radar and counter-drone sectors. Echodyne's radars are used in hundreds of counter-drone and security systems across more than 40 countries. Both companies expect triple-digit revenue growth this fiscal year.
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- ✓ Shield AI will acquire Echodyne Corp. in a transaction valued at $5.3 billion.
- ✓ Shield AI will raise $2.5 billion at a $28.8 billion valuation.
- ✓ Echodyne radars are built into hundreds of counter-drone and security systems used by defense, government and commercial customers in more than 40 countries.
- ✓ Both Shield AI and Echodyne expect triple-digit revenue growth this fiscal year.
What changed
Shield AI announced its definitive agreement to acquire Echodyne Corp., marking a significant expansion into the radar sector.
Live updates
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Shield AI to Acquire Echodyne for $5.3B, Valued at $28.8B
Shield AI is set to acquire Echodyne Corp., a radar company, in a $5.3 billion deal and raise $2.5 billion at a $28.8 billion valuation. The acquisition expands Shield's presence in the radar and counter-drone sectors. Echodyne's radars are used in hundreds of counter-drone and security systems across more than 40 countries. Both companies expect triple-digit revenue growth this fiscal year.
Why it matters
This deal signifies Shield AI's expansion into the fast-growing radar and counter-drone markets. Echodyne, backed by Bill Gates, is a leading provider of radar solutions for defense, government, and commercial customers. The acquisition will likely enhance Shield AI's capabilities in these areas.
What is confirmed
- Shield AI will acquire Echodyne Corp. in a transaction valued at $5.3 billion.
- Shield AI will raise $2.5 billion at a $28.8 billion valuation.
- Echodyne radars are built into hundreds of counter-drone and security systems used by defense, government and commercial customers in more than 40 countries.
- Both Shield AI and Echodyne expect triple-digit revenue growth this fiscal year.
What to watch next
- Completion of the acquisition
- Echodyne meeting performance targets for additional $500 million payment
- Financial reports confirming triple-digit revenue growth
confidence 100%Sources used for this update (12)
- Bloomberg.com — Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition
- Shield AI — Shield to acquire Echodyne in a transaction valued at $5.3 billion and raise $2.5 billion at a $28.8 billion valuation
- Breaking Defense — Shield AI acquires radar firm Echodyne in $5.3B deal
- KOMO — Shield to acquire Kirkland radar company expanding footprint in Puget Sound
- GeekWire — Shield AI to buy Bill Gates-backed radar maker Echodyne in $5.3B deal, doubling down on Seattle area
- Military Times — Shield AI to acquire radar maker Echodyne to bust drones
- finance.yahoo.com — Shield to acquire Echodyne in a transaction valued at $5.3 ...
- www.echodyne.com — Shield to acquire Echodyne in a transaction valued at $5.3 ...
- shield.ai — Shield to acquire Echodyne in a transaction valued at $5.3 ...
- finance.yahoo.com — Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar ...
- www.prnewswire.com — Shield to acquire Echodyne in a transaction valued at $5.3 ...
- emergent.sh — Shield AI Acquires Echodyne for $5.3B, Hits $28.8B Value
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