Eben Frankenberg

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Shield AI agrees to buy radar maker Echodyne for up to $5.3 billion

Will remain CEO of Echodyne, reporting to Steele

Shield AI agreed to buy Echodyne, a Kirkland, Washington, radar maker, for $4.8 billion at closing and up to $500 million more if the company hits performance targets. The deal, announced Nov. 5, is Shield's fifth acquisition and its largest.

Updated 1 hour ago

Notable Quotes

Hundreds of customers rely on our radars to detect and track drones, protect people and infrastructure, secure borders, and ensure safe airspace operations.

from Shield AI agrees to buy radar maker Echodyne for up to $5.3 billion · Updated 1 hour ago

Shield shares our view that autonomous systems can only act on what they can sense, and superior sensors lead to superior systems and outcomes.

from Shield AI agrees to buy radar maker Echodyne for up to $5.3 billion · Updated 1 hour ago