MSI · Earnings call · 2026Q2T · Full report
D-Fend Acquisition
Motorola Solutions, Inc. · 2026-08-05 · Importance 71 · Surprise 60 · In source text
Motorola Solutions entered a definitive agreement to acquire D-Fend Solutions for $1.5 billion, with closing expected in the second half of 2026 subject to regulatory approvals. D-Fend provides counter-drone detection, tracking, identification and non-kinetic cyber-takeover mitigation for public safety and critical infrastructure. The company also expects to close its previously announced acquisition of Bell Canada’s LMR network services business in late fourth quarter. Management expects D-Fend to generate approximately $185 million of revenue and cited 50% historical revenue CAGR over the last three years.
Key facts
- Motorola entered into a definitive agreement to acquire D-Fend Solutions for $1.5 billion, expecting to close during the second half of this year.
- They said D-Fend historically has had revenue of about $185 million and a historical CAGR revenue growth of 50% over the last 3 years (as management stated).
- They reported that in the last seven days the Department of Homeland Security announced a $1.5 billion unmanned aircraft contract with two tiers and D-Fend was the only provider selected that provides cyber mitigation system.
- The D-Fend transaction is expected to close only after regulatory approval.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | +3.6% | They reported that in the last seven days the Department of Homeland Security announced a $1.5 billion unmanned aircraft contract with two… |
| liability | negative | committed | — | Motorola entered into a definitive agreement to acquire D-Fend Solutions for $1.5 billion, expecting to close during the second half of… |
| assets | positive | contingent | — | The D-Fend transaction is expected to close only after regulatory approval. |