Ondas Agrees to Buy Cyberhawk for $125 Million to Add Drone Inspections and AI Data
The company says the purchase will add recurring software revenue and proprietary inspection data to its business to help lift margins if the deal closes in Q3 2026.
Overview
- In June 2026 Ondas announced a definitive agreement to acquire Cyberhawk for about $125 million with roughly 95% of the price paid in cash.
- Ondas expects Cyberhawk to contribute more than $45 million in revenue for the year ending March 2027, with about 95% coming from recurring contracts and subscriptions and a reported $95 million backlog.
- Cyberhawk has inspected over 500,000 assets and stored roughly 232 terabytes of inspection data on its iHawk platform, which Ondas plans to use for AI-enabled analytics and new software services.
- The transaction is slated to close in Q3 2026 pending regulatory approvals, and some Cyberhawk leaders rolled about $5 million of proceeds into Ondas stock under a one-year lock-up.
- Ondas is pairing the acquisition with recent defense momentum, including a Lockheed Martin counter-drone partnership and more than $150 million in defense orders, but the company still posts operating losses and faces integration and backlog-conversion risks that will determine whether margins reach its 25%+ target by 2030.