Shield agrees to buy Echodyne for up to $5.3 billion, seeks $2.5 billion in financing
Shield has signed a definitive agreement to acquire radar maker Echodyne in a transaction valued at $5.3 billion and is raising $2.5 billion to support the deal. The acquisition is expected to close in early 2027, subject to regulatory approvals and other customary conditions.
- Amount
- $2.5 billion
- Round
- Series H
- Investors
- 9
- Investors
- DisruptiveInnovation X CapitalAdventStrategic Investment Group of JPMorganChase’s Security and Resiliency InitiativeSnowpoint VenturesApandionCenter15 CapitalFunds managed by BlackstoneJPMorgan Chase Bank, N.A.
- Target market
- Defense, government and commercial customers
- Use of funds
- Supporting the acquisition of Echodyne
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Quick Answers
What is the latest news about Shield?
Shield has signed a definitive agreement to acquire radar maker Echodyne in a transaction valued at $5.3 billion and is raising $2.5 billion to support the deal. The acquisition is expected to close in early 2027, subject to regulatory approvals and other customary conditions.
What does Shield do?
Founded in 2015, Shield is a defense technology company whose products include Hivemind autonomy software, V-BAT and X-BAT autonomous systems, and Aechelon simulation and synthetic reality technologies. , Europe, the Middle East and Asia-Pacific, and its technology supports operations worldwide.
Where is Shield based?
Shield is based in USA.
Who are the key people at Shield?
Key people named in this report: Gary Steele (CEO of Shield) and Eben Frankenberg (CEO of Echodyne).