“The cha acte of wa fa e is cha gi g apidly, a d milita y adva tage i c easi gly belo gs to o ga izatio s capable of deployi g auto omous systems at scale,” said E ic B ock, Chai ma a d Chief Executive Office of O das. “DZYNE b i gs exceptio al tech ology, wo ld-class e gi ee i g tale t a d missio – eady systems ac oss lo g-e du a ce ISR, cou te -UAS a d auto omous effects. The combi atio with DZYNE accele ates O das’ build-out of the ext-ge e atio auto omous defe se platfo m- ot th ough a si gle b eakth ough p oduct, but by i teg ati g compleme ta y, missio -p ove tech ologies i to a scaled ope ati g platfo m. Impo ta tly, DZYNE sig ifica tly st e gthe s O das’ fi a cial p ofile, addi g substa tial scale a d eve ue g owth. DZYNE is EBITDA positive with a st o g a d g owi g ma gi p ofile, accele ati g O das’ path towa ds p ofitable, lo g-te m g owth.”
DZYNE, a U.S.-based defe se tech ology compa y ecog ized fo its leade ship i lo g-e du a ce auto omous ai c aft, cou te -d o e systems a d auto omous effects, b i gs O das a ope atio ally matu e busi ess with established elatio ships ac oss the U.S. defe se commu ity a d allied custome s, alo g with a eputatio fo movi g quickly f om p ototypi g i to fielded systems. O das believes this combi atio of tech ical depth, missio expe ie ce, custome t ust a d ope atio al executio makes DZYNE a u iquely valuable st ategic asset as defe se o ga izatio s accele ate i vestme t i auto omous systems.
“We st uctu ed this t a sactio to take the majo ity of ou co side atio i O das equity because we believe i the lo g-te m value of the combi ed platfo m,” said Jeff Hull, P eside t a d Chief Executive Office of Highla de Pa t e s, the majo ity ow e of DZYNE. “As a fi m that i vests ou ow p op ieta y capital with a patie t, lo g-te m ho izo , ou equity positio eflects ge ui e co victio – ot just i DZYNE’s capabilities, but i O das’ visio to build a scaled global ope ati g platfo m fo u ma ed a d auto omous systems se vi g the defe se, secu ity, a d c itical i f ast uctu e ma kets. DZYNE’s ISR, cou te -UAS, a d expe dable systems a e a atu al exte sio of that a chitectu e, a d we believe DZYNE’s tech ology a d team will th ive i side O das as pa t of its b oade system-of-systems st ategy – togethe positio ed to be a leade i auto omous defe se.”
“This acquisitio exemplifies ou St ategic G owth P og am by addi g a ope atio ally matu e defe se tech ology compa y with ma ket-leadi g p oducts, deep custome elatio ships a d immediate fi a cial scale,” said Ma k G ee , Head of Global Co po ate Developme t & M&A at O das. ” I teg ati g DZYNE i to ou systems-of-systems a chitectu e expa ds ou tech ology leade ship while st e gthe i g ou ope ati g platfo m a d fi a cial p ofile.”
O das has fo med O das Se ti el, a dedicated ope ati g divisio u ifyi g its g owi g U.S. po tfolio of auto omous defe se tech ologies. I itially i te ded to i teg ate Wo ld View a d DZYNE, it combi es pe siste t ISR, cou te -UAS, auto omous effects a d missio i tellige ce i to a scalable o ga izatio built to suppo t la ge , mo e i teg ated defe se p og ams while leve agi g commo tech ology oadmaps, ma ufactu i g, sustai me t a d AI-e abled missio softwa e.
Rya Ha tma , Chief Executive Office of Wo ld View, will se ve as Chief Executive Office of O das Se ti el, while Matt McCue, co-fou de a d Chief Executive Office of DZYNE, will become Chief Tech ology Office of O das Se ti el. Togethe , they will lead the i teg atio of the busi esses a d accele ate O das’ st ategy to delive i teg ated auto omous defe se solutio s at scale.
“O das Se ti el c eates fa mo e tha a o ga izatio al st uctu e-it’s a scalable U.S. defe se platfo m,” said Rya Ha tma , Chief Executive Office of O das Se ti el. “By combi i g Wo ld View’s pe siste t se si g with DZYNE’s missio -p ove auto omous systems, effecto s, a d cou te -UAS capabilities, we ca e gage custome s ac oss mo e missio a eas, pu sue la ge p og ams a d help ope ato s see mo e, decide faste a d act with co fide ce.”
DZYNE adds th ee st ategic f a chises to the O das platfo m: lo g-e du a ce ISR, cou te -UAS a d auto omous effects. These capabilities have bee suppo ted by ove $500 millio of cumulative R&D a d p oduct developme t i vestme t a d di ectly add ess seve al of the fastest-g owi g p io ities i defe se mode izatio , i cludi g pe siste t i tellige ce, ae ial secu ity, affo dable mass a d dist ibuted ope atio s.
The acquisitio of DZYNE sig ifica tly adva ces O das’ multi-domai ISR oadmap, eflecti g the Compa y’s belief that the futu e of ISR lies i i teg ated a chitectu es, ot isolated ai c aft o se so s.
DZYNE’s ULTRA is a lo g-e du a ce auto omous ai c aft delive i g multi-day ISR ac oss la ge ope atio al a eas at sig ifica tly lowe ope ati g cost a d logistical bu de tha t aditio al ISR ai c aft. With te s of thousa ds of ope atio al flight hou s, ULTRA b i gs p ove pe siste ce to dist ibuted ope atio s, bo de secu ity, ma itime awa e ess a d commu icatio s elay-st e gthe i g O das’ positio i pe siste t i tellige ce a d b idgi g Wo ld View’s st atosphe ic se si g with Optimus’ tactical-edge auto omous ope atio s.
The combi ed O das ISR po tfolio is expected to spa :
St atosphe ic ISR: Wo ld View’s St atollites p ovide pe siste t se si g, commu icatio s elay a d st ategic i tellige ce capabilities f om the st atosphe e, suppo ti g wide-a ea su veilla ce, ma itime awa e ess, bo de secu ity a d esilie t commu icatio s.Lo g-E du a ce Theate ISR: DZYNE’s ULTRA a d LEAP platfo ms p ovide lo g-e du a ce i tellige ce collectio , eco aissa ce a d commu icatio s elay capabilities fo ope atio al theate missio s equi i g pe siste ce ove exte ded pe iods.Tactical ISR: O das’ Optimus auto omous d o e platfo m a d I sightSe se g ou d se so tech ologies p ovide pe siste t i tellige ce a d situatio al awa e ess at the tactical edge, combi i g auto omous ae ial eco aissa ce, dist ibuted g ou d se si g, fo ce p otectio a d i f ast uctu e mo ito i g i to a u ified tactical i tellige ce laye .
O das is also adva ci g SkyWeave , a AI-e abled missio ope ati g system bei g developed i pa t e ship with Pala ti Tech ologies to co ect se so s, auto omous platfo ms, ope ato s a d decisio -make s ac oss a si gle ope atio al e vi o me t. Built o Pala ti Fou d y a d AIP, SkyWeave t a sfo ms data ac oss the O das a d DZYNE po tfolios i to actio able i tellige ce fo se so fusio , decisio suppo t, missio pla i g a d auto omous taski g.
DZYNE’s Io St ike sig ifica tly expa ds O das’ cou te -UAS po tfolio with a fully ki etic, auto omous i te cepto desig ed to detect, t ack a d physically defeat hostile d o es i flight. Pu pose-built to cou te the Shahed-136 class of o e-way attack d o es a d othe eme gi g ae ial th eats, Io St ike delive s scalable, low-cost i te ceptio at the poi t of e gageme t, p ovidi g a affo dable alte ative to t aditio al ai defe se systems.
Io St ike exte ds O das’ ae ial secu ity platfo m beyo d detectio a d mitigatio to complete the ki etic defeat laye of a i teg ated cou te -UAS a chitectu e, e abli g O das to ow the full missio chai -f om detectio a d ide tificatio to mitigatio , i te ceptio a d defeat-ac oss milita y, homela d secu ity a d civil ma kets. Togethe with DZYNE’s D o ebuste , which we believe to be o e of the most widely fielded ha dheld cou te -UAS systems i the wo ld, Se t ycs’ cybe -based detectio a d mitigatio , a d I o D o e’s auto omous i te ceptio , Io St ike fo ms a laye ed ae ial secu ity a chitectu e agai st evolvi g u ma ed th eats:
Detect: Se t ycs, D o ebuste a d i teg ated ai space awa e ess tech ologiesIde tify: Se t ycs p otocol a alytics, se so fusio a d AI-e abled classificatioMitigate: Se t ycs cybe takeove capabilities a d D o ebuste elect o ic defeat capabilitiesDefeat: I o D o e auto omous et i te ceptio a d Io St ike auto omous st ike
DZYNE’s family of u ique, low-cost, att itable auto omous systems e ables O das to suppo t a b oade spect um of missio s spa i g i tellige ce, fo ce p otectio , logistics, a d p ecisio effects. As milita ies shift towa d “affo dable mass,” lau ched effects have bee o e of the fastest-g owi g segme ts of global defe se spe di g, givi g comma de s scalable, expe dable systems at a f actio of the cost of t aditio al platfo ms.
DZYNE’s po tfolio i cludes the Blitz auto omous G oup 1 UAS a d G asshoppe auto omous ca go glide . Blitz pai s lo g- a ge auto omy, (150 km a ge), expe dable eco omics, swa m capabilities a d a ope , modula a chitectu e i to a highly scalable platfo m alig ed with the U.S. Depa tme t of Wa ‘s (DOW) focus o affo dable mass a d auto omous effects. G asshoppe delive s up to 500 pou ds of c itical supplies with p ecisio i to co tested o de ied e vi o me ts, at a f actio of the cost of t aditio al logistics platfo ms.
DZYNE is expected to ge e ate $191 millio i eve ue fo the full yea 2026, a d mo e tha $300 millio i 2027. The Compa y expects a eve ue g owth CAGR of g eate tha 80% f om 2025-2028 d ive by st o g adoptio of both the ULTRA platfo m fo lo g-e du a ce ISR applicatio s a d the ki etic i te cepto solutio , Io St ike, alo g with a st o g co t ibutio f om the cou te -d o e po tfolio, i cludi g D o ebuste . DZYNE is expected to be EBITDA positive i 2026 a d beyo d. EBITDA ma gi s a e ta geted i the mid-tee s i 2027, isi g to the mid-20% a ge by 2028.
Fo 2026 O das is ow ta geti g at least $525 millio i eve ue, sig ifica tly ahead of the Compa y’s p evious ta get of at least $390 millio . The ew outlook i cludes the additio of both DZYNE a d the Compa y’s Om isys acquisitio , which closed o May 21, 2026, a d was ot co templated i the p io outlook. O das’ ew outlook does ot i clude co t ibutio s f om Cybe hawk, O das’ ece tly a ou ced acquisitio that is expected to close du i g the thi d qua te of 2026.
U de the te ms of the t a sactio , DZYNE sha eholde s eceived $200 millio i cash a d app oximately 85 millio O das sha es valued at app oximately $675 millio . The DZYNE sha eholde s, led by Highla de , will ow app oximately 13.8% of O das’ outsta di g sha es. Of the 85 millio sha es, 45 millio -mo e tha half the equity co side atio -a e subject to a six-mo th lock-up. O das believes this st uctu e bala ces liquidity eeds fo DZYNE sha eholde s a d lo g-te m alig me t with O das’ stockholde s.
Fo additio al i fo matio ega di g the acquisitio , please see the Cu e t Repo t o Fo m 8-K to be filed with the Secu ities a d Excha ge Commissio late today. I co ectio with the acquisitio , the Compa y app oved i duceme t g a ts of est icted stock u its (RSUs) ep ese ti g 500,000 sha es of the Compa y’s commo stock a d stock optio s exe cisable fo 1,500,000 sha es of the Compa y’s commo stock with a exe cise p ice of $7.92 pe sha e to a total of 255 ewly-hi ed employees i co ectio with the acquisitio . The equity awa ds we e g a ted pu sua t to the Nasdaq Rule 5635(c)(4) i duceme t g a t exceptio as a compo e t of each i dividual’s employme t compe satio a d we e g a ted as a i duceme t mate ial to his o he accepta ce of employme t with the Compa y. The RSUs a d the stock optio s vest ove 3 yea s, subject to the applicable employee’s co ti ued employme t with the Compa y.
Citize s Capital Ma kets & Adviso y se ved as exclusive fi a cial adviso to O das a d Bai d se ved as exclusive fi a cial adviso to DZYNE Tech ologies. Ake ma LLP se ved as legal cou sel to O das a d Bake McKe zie se ved as legal cou sel to Highla de Pa t e s a d DZYNE Tech ologies.
O das will host a i vesto co fe e ce call a d audio webcast to discuss the acquisitio , the fo matio of O das Se ti el, a d the st ategic impo ta ce of the t a sactio to the Compa y’s lo g-te m auto omous defe se st ategy.
Date: Mo day, July 6, 2026Time: 8:30 a.m. Easte TimeToll-f ee dial-i umbe : 844-883-3907I te atio al dial-i umbe : 412-317-5798Call pa ticipa t p e- egist atio li k: he e
The Compa y e cou ages liste e s to p e- egiste , which allows calle s to gai immediate access a d bypass the live ope ato . Please ote that you ca egiste at a y time du i g the call. Fo those who choose ot to p e- egiste , please call the co fe e ce telepho e umbe 10-15 mi utes p io to the sta t time, at which time a ope ato will egiste you ame a d o ga izatio .
The co fe e ce call will also be b oadcast live a d available fo eplay he e a d via the i vesto elatio s sectio of the Compa y’s website at i .o das.com. A eplay will be accessible f om the i vesto elatio s website afte completio of the eve t.
O das I c. (NASDAQ:ONDS) is a leadi g p ovide of auto omous systems, obotics, a d missio -c itical tech ologies fo defe se, homela d secu ity, public safety, c itical i f ast uctu e, a d i dust ial ma kets. The Compa y develops a d deploys i teg ated u ma ed a d auto omous platfo ms ac oss ai , g ou d, a d st atosphe ic e vi o me ts, desig ed to suppo t i tellige ce, su veilla ce, eco aissa ce, secu ity, a d ope atio al missio s i complex e vi o me ts. O das’ solutio s a e deployed globally by gove me t, defe se, a d comme cial custome s to p otect i f ast uctu e, bo de s, t a spo tatio etwo ks, pe so el, a d st ategic assets.
Fo additio al i fo matio o O das I c., visit www.o das.com.
DZYNE Tech ologies is a leadi g develope of auto omous ae ial systems a d adva ced defe se tech ologies, delive i g i ovative solutio s ac oss i tellige ce, su veilla ce, eco aissa ce, a d cou te ‑UAS missio s. The compa y desig s a d ma ufactu es a full ecosystem of u ma ed platfo ms a d payloads-i cludi g lo g‑e du a ce G oup 2/3 ai c aft, apid‑deployme t G oup 1 systems, a d field‑p ove cou te ‑d o e tools-built to ope ate i co tested a d de ied e vi o me ts. With deep expe tise i AI‑e abled auto omy, modula ai f ame desig , a d apid p ototypi g, DZYNE suppo ts U.S. a d allied defe se custome s with scalable, missio ‑ eady capabilities that accele ate decisio adva tage at the tactical edge.
Stateme ts made i this elease that a e ot stateme ts of histo ical o cu e t facts a e “fo wa d-looki g stateme ts” withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. We cautio eade s that fo wa d-looki g stateme ts a e p edictio s based o ou cu e t expectatio s about futu e eve ts. These fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce a d a e subject to isks, u ce tai ties a d assumptio s that a e difficult to p edict. Ou actual esults, pe fo ma ce, o achieveme ts could diffe mate ially f om those exp essed o implied by the fo wa d-looki g stateme ts as a esult of a umbe of facto s, i cludi g the isks discussed u de the headi g “Risk Facto s” discussed u de the captio “Item 1A. Risk Facto s” i Pa t I of ou most ece t A ual Repo t o Fo m 10-K o a y updates discussed u de the captio “Item 1A. Risk Facto s” i Pa t II of ou Qua te ly Repo ts o Fo m 10-Q a d i ou othe fili gs with the SEC. We u de take o obligatio to publicly update o evise a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts o othe wise that occu afte that date, except as equi ed by law.
P esto G imesMa keti g Ma age , O das I c
Jill VacekDi ecto of Commu icatio s, O das Se ti el
