Shield AI finalises agreement to acquire Echodyne

Shield AI announced a definitive agreement on November 5, 2026, to acquire Echodyne in a transaction valued at up to $5.3 billion, including $4.8 billion payable at closing and up to $500 million tied to performance targets. Echodyne’s software-defined, metamaterials-based radars are used in counter-drone and security systems and would join Shield AI’s Mission Systems business. Shield AI said it was raising $2.5 billion to support the deal through $1 billion in Series H funding, $1 billion in structured equity from Blackstone-managed funds and $500 million in debt.