Ondas to Acquire Cyberhawk, Expanding into Critical Infrastructure Intelligence Through Software, Data and AI
Rhea-AI Summary
Ondas (Nasdaq: ONDS) agreed to acquire Cyberhawk, a critical infrastructure intelligence and drone inspection company, in a transaction valued at about $125 million. Roughly 95% will be paid in cash, with about $5 million rolled into Ondas stock by Cyberhawk leaders.
Cyberhawk serves 300+ customers in 40 countries, has inspected over 500,000 assets and holds 232+ TB of proprietary data. It is expected to generate $45+ million revenue in its FY ending March 2027, with about 95% recurring revenue and a $95 million backlog. Closing is targeted for Q3 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Acquisition of Cyberhawk valued at approximately $125 million
- Approximately 95% of purchase price funded in cash
- Cyberhawk expected FY ending March 2027 revenue of $45+ million
- Cyberhawk revenue profile is about 95% recurring
- Cyberhawk maintains a $95 million backlog across infrastructure markets
- Cyberhawk currently operates in 40 countries with 300+ customers
Negative
- None.
News Market Reaction – ONDS
On the day this news was published, ONDS declined 0.34%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition,AI Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 01 | AI acquisition completion | -2.5% | Completion of World View acquisition to build AI-enabled multi-domain ISR platform. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Historical Comparison
In prior AI-focused acquisition news, ONDS saw an average move of -2.54%. Today’s Cyberhawk deal extends that same acquisition-driven strategy into critical infrastructure intelligence and high-recurring revenue software and services.
Same-tag history shows Ondas using acquisitions to layer AI-enabled platforms (World View ISR, then Cyberhawk infrastructure intelligence), suggesting a continuing build-out of an integrated autonomous and data-centric portfolio.
Regulatory & Risk Context
Reported short interest reflects a high level of bearish positioning, which can amplify volatility and create both squeeze risk and downside risk if negative catalysts or financing overhangs emerge.
Ondas has an effective Form S-3ASR shelf filed in 2025, allowing it to register and offer various securities via future supplements, which can facilitate capital raises or resale registrations when needed.
Key Terms
ebitda financial
digital-twin technical
geospatial intelligence technical
ai-enabled analytics technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Cyberhawk's blue-chip utility and energy customer base underpins strong growth and high-reoccurring revenue in the industrial and critical infrastructure markets
Cyberhawk brings operations in 40 countries, 300+ customers,
WEST PALM BEACH, FL / ACCESS Newswire / June 18, 2026 / Ondas Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of advanced autonomous systems and next-generation defense and security technologies, announced today it has entered into a definitive agreement to acquire Cyberhawk, a global leader in critical infrastructure intelligence, drone-based inspection, visual data management and AI-enabled analytics serving utility, energy and industrial customers worldwide. Under the terms of the agreement, the transaction is valued at approximately
Cyberhawk has established a market-leading critical infrastructure intelligence platform serving blue-chip customers including PG&E, Southern California Edison, Shell, SSE, ESB, Qatar Energy and Bechtel. The company has inspected more than 500,000 infrastructure assets and accumulated over 232 terabytes of proprietary infrastructure inspection data, creating a significant foundation for AI-driven analytics and operational intelligence.
The acquisition will propel Ondas into expanding industrial infrastructure markets, advancing its strategy to build a category-defining autonomous intelligence platform across defense, security and critical infrastructure sectors. By combining Cyberhawk's infrastructure intelligence platform, proprietary data assets, AI-enabled analytics and cloud-based iHawk software with Ondas' autonomous systems, mission automation technologies and sensing capabilities, the combined company is expected to deliver an integrated platform spanning autonomous data collection, digital-twin visualization, asset intelligence and AI-driven operational decision support. Increasingly, critical infrastructure resilience, energy security and industrial continuity are national security priorities, creating demand for integrated autonomous intelligence solutions across both government and commercial markets. The acquisition positions Ondas at the intersection of these converging markets.
"Cyberhawk is a market leader in critical infrastructure intelligence and represents a transformative addition to Ondas," said Eric Brock, Chairman and CEO of Ondas. "The company has built a highly differentiated platform combining software, data, AI-enabled analytics and deep domain expertise across some of the world's most important utility and energy networks. We believe critical infrastructure resilience, energy security and industrial continuity are increasingly national security priorities, creating a large and growing opportunity for integrated autonomous intelligence solutions."
"The acquisition will significantly expand Ondas' presence in critical infrastructure markets while strengthening our position as a dual-use technology company serving defense, security and industrial customers. We believe dual-use business models create powerful advantages through shared technology development, larger addressable markets, operational efficiencies, and broader customer adoption. By combining Cyberhawk's leadership in infrastructure intelligence with Ondas' autonomous systems, sensing and mission automation technologies, we believe we will create a category-defining autonomous intelligence platform that delivers substantial value for customers and shareholders."
Founded in 2008, Cyberhawk has established a leadership position in critical infrastructure intelligence through its integrated software, analytics and inspection platform. The company's cloud-native iHawk platform enables customers to visualize, manage and analyze complex infrastructure assets through digital-twin workflows, geospatial intelligence, asset tracking and AI-assisted analytics. Over nearly two decades, Cyberhawk has built a substantial proprietary dataset across utility, energy, renewable and industrial infrastructure environments, creating a powerful foundation for future AI-driven applications including predictive maintenance, defect detection and asset-health intelligence. iHawk serves as a system of record for infrastructure inspection, visualization and asset-health management across complex enterprise environments.
"Cyberhawk has been at the forefront of drone-enabled inspection since 2008", said Chris Fleming, founder and CEO of Cyberhawk. "Long before the technology was widely understood. We built the company from the ground up, scaling globally and proving both the commercial model and the real-world value of autonomous inspection. Today, we're excited to join forces with Ondas to accelerate the adoption of this technology - improving data quality while fundamentally reducing risk and human exposure across critical infrastructure."
The acquisition is expected to provide Ondas with immediate scale in utility and energy infrastructure markets and expand the Company's access to some of the world's largest critical infrastructure operators. The combined platform is expected to create meaningful opportunities to deploy autonomous monitoring, AI-enabled analytics, digital-twin technologies and advanced sensing solutions across a growing installed base of enterprise customers. Longer term, Ondas believes the combination may support broader infrastructure intelligence applications integrating aerial, ground-based and stratospheric sensing capabilities across critical infrastructure environments.
"Cyberhawk represents a highly strategic addition to Ondas as we continue executing our growth plan around autonomous platforms, software, and integrated customer workflows," said Mark Green, Global Head of Corporate Development and M&A at Ondas. "Cyberhawk brings a reoccurring revenue profile, strong customer retention, a differentiated software platform, and a leadership position in utility infrastructure intelligence. This acquisition is expected to create immediate customer and technology synergies, integrating Cyberhawk's specialized software with Ondas' core capabilities. Ultimately, this combination will further broaden our dual-use focus, strengthening our reach across both defense and critical infrastructure markets as we deliver end-to-end autonomous inspection and operational intelligence solutions at scale".
Cyberhawk is expected to generate more than
Ondas believes Cyberhawk has established a powerful infrastructure intelligence flywheel in which proprietary inspection data, enterprise software workflows and AI-enabled analytics reinforce one another over time. The Company believes this combination of software, data assets, domain expertise and embedded customer relationships creates a differentiated platform that will be increasingly difficult to replicate as infrastructure intelligence markets continue to evolve.
Cyberhawk will continue operating its existing inspection, software and analytics businesses without interruption following closing. Ondas intends to support continued investment in Cyberhawk's leadership team, global delivery capabilities, and cloud-based iHawk platform. The transaction is expected to accelerate Cyberhawk's growth while preserving the customer focus, domain expertise and operational excellence that have defined the company since its founding.
Together, Ondas and Cyberhawk will build a category-defining autonomous intelligence platform that connects sensing, data collection, visualization, analytics and AI-driven decision support across defense, security and critical infrastructure markets worldwide.
Lincoln International LLP acted as exclusive financial advisor to shareholders of Cyberhawk Holdings Limited.
About Cyberhawk
Cyberhawk is a leading drone-based inspection and visualization software company serving critical infrastructure operators across utilities, energy, and industrial markets. Founded in 2008, the company provides end-to-end drone inspection services, AI-enabled data processing, and cloud-based visualization software through its iHawk platform. Cyberhawk has inspected more than 500,000 assets and built a large proprietary inspection-data repository used to support asset intelligence, workflow management, and decision-making across complex infrastructure environments.
About Ondas Inc.
Ondas Inc. (Nasdaq:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, including autonomous drone systems, counter-UAS technologies, robotic ground systems, advanced unmanned aircraft and propulsion solutions, demining and engineering systems, and integrated sensing and communications technologies designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.
For additional information on Ondas Inc., visit www.ondas.com.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
Contacts
IR Contact for Ondas Inc.
888-657-2377
ir@ondas.com
Media Contact for Ondas Inc.
Escalate PR
ondas@escalatepr.com
Preston Grimes
Marketing Manager, Ondas Inc.
preston.grimes@ondas.com
SOURCE: Ondas Inc.
View the original press release on ACCESS Newswire