Shield AI Acquires Echodyne for $5.3B, Aims to Expand Beyond Military

• Shield AI has acquired Echodyne, a radar maker, for $5.3 billion.
• Echodyne specializes in radars for counter-drone systems.
• The acquisition is funded by a $2.5 billion raise in equity and debt.
• Shield AI aims to expand Echodyne's technology use to public safety and other sectors.
• Shield AI is also planning to raise more than $1 billion for its autonomous fighter jet production.