"Ondas announced a definitive merger agreement with Mistral, a Bethesda, Md.-based defense prime contractor, valued at $175 million, which includes $122.5 million in common stock paid upfront and in installments."
"Mistral currently serves as prime contractor on more than $1 billion of Indefinite Delivery/Indefinite Quantity contracts covering unmanned aerial systems, counter-drone solutions, and weapon systems integration."
"The merger allows Ondas immediate entry to U.S. Army and SOCOM contract vehicles it could not bid on directly before, enhancing its manufacturing and federal contracting capabilities."
Ondas Holdings is capitalizing on increased U.S. defense budgets by merging with Mistral, gaining access to over $1 billion in War Department contracts. The merger, valued at $175 million, allows Ondas to transition from a niche technology provider to a prime contractor. Additionally, a strategic partnership with Palantir Technologies aims to integrate AI into its drone and robot platforms. Ondas is also pursuing a significant border demining contract exceeding $50 million, reflecting its growth and increased revenue guidance for 2026.
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