Shield to acquire radar maker Echodyne in $5.3 billion deal
Shield has announced a $5.3 billion agreement to acquire radar manufacturer Echodyne, a major step into the rapidly growing counter-drone market.
Deal terms and scope
Shield has announced an agreement to buy Echodyne, a radar manufacturer, for $5.3 billion. The deal is a major move for the company into the counter-drone market.
Impact on Mission Systems
The acquisition is set to expand Shield's Mission Systems business. It will bring advanced radar technology into a portfolio of autonomous defense systems that the company is building out.
Open questions
- Has the $5.3 billion deal been completed, or is it still pending?