Shield to Buy Echodyne for $5.3B in Counter-Drone Radar Push
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KIRKLAND – November 05, 2026 -- Shield has agreed to acquire radar maker Echodyne Corp. in a transaction valued at $5.3 billion, adding software-defined radar to its defense portfolio as demand for counter-drone systems grows. 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 raises $2.5 billion across equity and debt to fund the deal
The financing includes $1 billion in Series H funding at a $28.8 billion post-money valuation. Funds managed by Blackstone are contributing a $1 billion structured equity investment. JPMorgan Chase Bank, N.A., as Sole Arranger, is leading $500 million in debt financing.