Gary Steele

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

Leading the acquisition and financing

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

We are building a new-generation defense technology company consisting of three fast-growing, high-margin, mutually supporting business units: autonomy software, autonomous systems, and mission systems.

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

Think about public safety — whether it's the Super Bowl or FIFA, just literally every single thing is going to need protection from drones.

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