Shield agrees to buy Echodyne for $5.3 billion

Shield said on Nov. 5, 2026 that it has a definitive agreement to acquire radar maker Echodyne in a transaction valued at $5.3 billion. Of that, $4.8 billion is to be paid and issued at closing, and up to $500 million more depends on performance targets. Closing is expected in early 2027 and still needs regulatory approvals. Shield said it is raising $2.5 billion for the deal, including $1 billion of Series H equity at a $28.8 billion post-money valuation, $1 billion of structured equity from Blackstone funds, and $500 million of debt arranged by JPMorgan. The Series H, co-led by Disruptive and Innovation X Capital, was not described as closed. Echodyne CEO Eben Frankenberg is to report to Shield CEO Gary Steele.