The Times of IsraelEconomy
US Firm Ondas Acquires Israeli Defense Tech Company Gate Technologies for Up to $390 Million
Summarized from The Times of Israel by baba
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US defense firm Ondas Technologies is acquiring Israeli company Gate Technologies for up to $390 million. Gate Technologies develops advanced electronic fuzes for autonomous weapons, a market experiencing significant global growth.
The story in 5 lines · by baba
- Ondas Technologies will acquire Gate Technologies for up to $390 million.
- Gate Technologies specializes in electronic fuzes for autonomous weapons like missiles and drones.
- The deal reflects a global increase in demand for precision-strike systems and munitions.
- Ondas has a history of acquiring Israeli defense tech startups.
- Former Mossad chief David Barnea joined Ondas's leadership.
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