Evercore ISI on Motorola Solutions Inc. (MSI): 'The D-Fend key acquisition reinforces MSI’s capabilities'

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Motorola Solutions to acquire D-Fend Solutions for $1.5 billion

June 1, 2026 6:50 AM EDT

Motorola Solutions Inc. (NYSE: MSI) announced it has entered into a definitive agreement to acquire D-Fend Solutions, a counter-drone technology company, for $1.5 billion.



D-Fend operates counter-drone systems across more than 30 countries and has experienced annual revenue growth exceeding 50% over the past three years. The company projects full-year 2026 revenues of $185... More