Ondas Inc. has announced a definitive agreement to acquire Cyberhawk, a global leader in infrastructure intelligence, in a deal valued at approximately $125 million. This strategic acquisition aims to merge Ondas' autonomous systems with Cyberhawk's drone-based inspection and AI analytics platform. The move is set to create a powerful dual-use technology provider for both industrial and defense markets, enhancing capabilities in critical sectors.
A Strategic Move into Industrial Markets
The acquisition propels Ondas into the expanding critical infrastructure sector, a key component of its long-term growth strategy. By integrating Cyberhawk, Ondas gains immediate access to a blue-chip customer base that includes major utility and energy firms like Shell and PG&E. This positions the combined company at the intersection of industrial continuity and national security priorities, addressing a growing market need.
Eric Brock, Chairman and CEO of Ondas, described the acquisition as a transformative addition that strengthens the company's dual-use business model. He highlighted that combining defense and commercial technologies creates powerful synergies, including shared development and broader market access. This approach addresses the increasing demand for integrated autonomous solutions across both government and commercial sectors worldwide.
Integrating Technology for Enhanced Intelligence
The core of the deal lies in combining Ondas' autonomous systems with Cyberhawk's established platform for infrastructure intelligence. This fusion will create an end-to-end solution for autonomous data collection, digital-twin visualization, and AI-driven operational support. The ultimate goal is to deliver a category-defining platform that provides substantial value to customers and shareholders alike.
Founded in 2008, Cyberhawk brings nearly two decades of expertise and a significant repository of proprietary data from over 500,000 asset inspections. Its cloud-native iHawk software serves as a system of record for managing complex infrastructure assets through advanced analytics. This rich dataset is a critical foundation for advancing AI applications like predictive maintenance and automated defect detection.
Financial Strength and Future Operations
The $125 million transaction, expected to close in the third quarter of 2026, will be funded primarily with cash. Cyberhawk is projected to generate over $45 million in revenue by its fiscal year ending March 2027, with a robust $95 million backlog. The company's strong financial profile is underpinned by a 95% recurring revenue model from multi-year contracts and software subscriptions.
Following the acquisition, Cyberhawk will continue to operate its existing businesses without interruption, with Ondas committed to investing in its team and technology. Chris Fleming, Cyberhawk's founder and CEO, expressed excitement about joining forces to accelerate the adoption of autonomous inspection technology. This collaboration aims to enhance data quality while fundamentally reducing human risk across critical infrastructure operations globally.
This acquisition marks a significant milestone for Ondas, solidifying its position as a leader in autonomous intelligence solutions for dual-use applications. The integration of Cyberhawk's specialized expertise and market-leading platform creates a formidable entity poised for substantial growth. The combined company is now well-equipped to meet the evolving demands for resilience and security in critical infrastructure worldwide.