Ondas to Buy Cyberhawk for $125M, Boosting Recurring Revenue and Margins
ONDS•Ondas will acquire Cyberhawk for $125 million, funding 95% in cash with $5 million in stock rollover, aiming to close in Q3 2026. Cyberhawk brings operations in 40 countries, 300+ clients, $45 million forecasted revenue with 95% recurring revenue and margins projected to rise above 25% by 2030.
1. Transaction Details
Ondas agreed to acquire Cyberhawk for $125 million, funding 95% in cash and rolling $5 million in stock for select executives. The deal is slated to close in Q3 2026, subject to customary approvals.
2. Financial Impact
Cyberhawk is projected to generate over $45 million in revenue for fiscal 2027, with approximately 95% recurring revenue and a $95 million customer backlog. Management forecasts high single-digit EBITDA margins growing to 25%+ by 2030 under Ondas' stewardship.
3. Strategic Rationale
The acquisition expands Ondas' autonomous systems portfolio with Cyberhawk's drone inspection services, AI-driven asset analytics and cloud-based iHawk software. It extends the platform into critical infrastructure markets, leveraging a customer base of over 300 global utilities and energy companies.
4. Outlook
Combined capabilities will enable an integrated autonomous intelligence platform spanning data collection, digital twins and AI operational decision support. Ondas expects synergy in defense, security and industrial sectors, targeting expanded market share and enhanced shareholder value.
