Ondas to Acquire Cyberhawk for $125M, Adding $45M+ Revenue and $95M Backlog
ONDS has more than doubled off its 52-week low of $1.36.
Summary
Ondas Inc. announced it will acquire Cyberhawk, a critical infrastructure intelligence provider, for approximately $125 million, with 95% of the purchase price funded in cash. This follows an 8-K filed earlier today and continues Ondas' aggressive acquisition strategy, having recently announced the acquisitions of World View and Omnisys. Cyberhawk is expected to add over $45 million in forecasted revenues for FY27 and brings a $95 million backlog, significantly expanding Ondas' revenue base and strategic presence in AI-enabled drone inspection and data analytics. The acquisition is expected to close during the third quarter of 2026, subject to customary closing conditions and regulatory approvals.
At the time of this announcement, ONDS was trading at $9.37 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $1.36 to $15.28. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.