Shield AI buys radar maker Echodyne for $5.3B at a $28.8B valuation

Shield AI agreed to buy Echodyne, which makes radars for counter-drone systems, for $5.3B. It is raising $2.5B in equity and debt to fund the deal, at a $28.8B valuation. Shield wants Echodyne to help it sell beyond the military, to areas like public safety…

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