Shield to acquire Echodyne in a transaction valued at $5.3 billion and raise $2.5 billion at a $28.8 billion valuation

Publisher preview

Acquisition to expand Shield’s Mission Systems business into the fast-growing radar and counter-drone sectors SAN DIEGO and KIRKLAND, Wash. (November 5, 2026) – Shield today announced it has entered into a definitive agreement to acquire Echodyne Corp., an industry-leading radar company, in a transaction valued at $5.3 billion. 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 companies expect triple-digit revenue growth this fiscal year. Shield is raising $2.5 billion to support the transaction, including $1 billion in Series H funding at a $28.8 billion post-money valuation, a $1 billion structured equity investment from funds managed by Blackstone and $500 million in debt financing led by JPMorgan Chase Bank, N.A. as Sole Arranger. Of the $5.3 billion transaction value, $4.8 billion will be paid and issued at closing and up to an additional $500 million is contingent on Echodyne meeting agreed performance targets. “We are building a new-generation defense technology company consisting of three fast-growing, high-margin, mutually supporting business units: autonomy software, autonomous systems, and mission systems,” said Gary Steele, CEO of Shield. “The acquisition of Echodyne dramatically accelerates our efforts to meet growing customer demand for multi-mission capabilities, provides increased access to a rapidly expanding counter-drone industry, and further diversifies our revenue streams with sustained, compelling growth for the combined company.”

A saved ApplyDjinn digest is not available for this story yet.

This preview is supplied by the publisher. The complete publication remains at its original source.