Ondas Confirms It Will Acquire DZYNE For ~$875M In Cash And ONDS Stock; Raises FY2026 Sales Guidance

Ondas Inc. (NASDAQ: ONDS ) ("Ondas" or the "Company"), a leading provider of advanced autonomous systems and next-generation defense and security technologies and services, announced today it has acquired DZYNE Technologies, LLC ("DZYNE").

This acquisition establishes Ondas as a vanguard autonomous defense platform, uniting complementary capabilities across multi-domain ISR, counter-UAS, autonomous effects, aerial security, precision strike, autonomous logistics, and AI-enabled mission orchestration to rapidly meet the complex, evolving requirements of modern warfare.

The acquisition is valued at $875.8 million and was financed through a cash and stock structure intended to align the incentives of DZYNE management and investors with Ondas' stockholders.

Greater than 50% of the stock consideration is subject to a six-month lock-up. "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, a U.S.-based defense technology company recognized for its leadership in long-endurance autonomous aircraft, counter-drone systems and autonomous effects, brings Ondas an operationally mature business with established relationships across the U.S. defense community and allied customers, along with a reputation for moving quickly from prototyping into fielded systems.

Ondas believes this combination of technical depth, mission experience, customer trust and operational execution makes DZYNE a uniquely valuable strategic asset as defense organizations accelerate investment in autonomous systems. "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, the majority owner of DZYNE. "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 & 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 Operating Division for U.S.

Scale Ondas has formed Ondas Sentinel, a dedicated operating division unifying its growing U.S. portfolio of autonomous defense technologies.

Initially intended to integrate World View and DZYNE, it combines persistent ISR, counter-UAS, autonomous effects and mission intelligence into a scalable organization built to support larger, more integrated defense programs while leveraging common technology roadmaps, manufacturing, sustainment and AI-enabled mission software.

Ryan Hartman, Chief Executive Officer of World View, will serve as Chief Executive Officer of Ondas Sentinel, while Matt McCue, co-founder and Chief Executive Officer of DZYNE, will become Chief Technology Officer of Ondas Sentinel.

Together, they will lead the integration of the businesses and accelerate Ondas' strategy to deliver integrated autonomous defense solutions at scale. "Ondas Sentinel creates far more than an organizational structure-it's a scalable U.S. defense platform," said Ryan Hartman, Chief Executive Officer of Ondas Sentinel. "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." Compelling Strategic Fit Accelerates Combined Growth Path DZYNE adds three strategic franchises to the Ondas platform: long-endurance ISR, counter-UAS and autonomous effects.

These capabilities have been supported by over $500 million of cumulative R&D and product development investment and directly address several of the fastest-growing priorities in defense modernization, including persistent intelligence, aerial security, affordable mass and distributed operations.

1) Building a Multi-Domain ISR Architecture from the Stratosphere to the Tactical Edge The acquisition of DZYNE significantly advances Ondas' multi-domain ISR roadmap, reflecting the Company's belief that the future of ISR lies in integrated architectures, not isolated aircraft or sensors.

DZYNE's ULTRA is a long-endurance autonomous aircraft delivering multi-day ISR across large operational areas at significantly lower operating cost and logistical burden than traditional ISR aircraft.

With tens of thousands of operation