Shield AI acquires counter-drone radar firm Echodyne in $5.3 billion deal

U.S. defense technology firm Shield AI announced it is acquiring counter-drone radar provider Echodyne for $5.3 billion, with the deal expected to close in early 2027. Of the total, $4.8 billion will be paid at closing and $500 million is contingent on Echodyne meeting specified performance targets. Shield AI also raised $2.5 billion in Series H funding from investors including Blackstone and JPMorgan Chase. Echodyne will operate as a business unit within Shield's mission systems division, with its CEO remaining in place and reporting to Shield CEO Gary Steele.