Ondas Just Unlocked $1 Billion In Prime Defense Contracts

"Ondas said Q4 revenue landed between $29.1 million and $30.1 million, comfortably above the $27 million to $29 million range it had guided to in January. For the full year, revenue came in at $49.7 million to $50.7 million versus prior guidance of $47.6 million to $49.6 million. Adjusted EBITDA losses narrowed in line with expectations, and the company reiterated its 2026 revenue target of $170 million to $180 million."

"The deal instantly grants Ondas direct prime-contractor status across multiple Department of Defense programs and access to more than $1 billion in existing contract vehicles. This move could supercharge future growth by removing the single largest barrier that has kept the company from scaling its autonomous platforms inside the world's largest defense market."

"With its pro-forma cash bolstered by a recent $1 billion capital raise, it now exceeds $1.5 billion, giving Ondas a war chest to integrate the new business and fund platform expansion. The beat, though modest, signaled that Ondas's core drone and rail-communications segments are executing ahead of plan just as the defense opportunity accelerates."

Ondas Holdings reported preliminary fourth-quarter and full-year 2025 results exceeding its own guidance, with Q4 revenue between $29.1 million and $30.1 million against guidance of $27 million to $29 million, and full-year revenue of $49.7 million to $50.7 million versus $47.6 million to $49.6 million. The company maintained its 2026 revenue target of $170 million to $180 million before Mistral contributions. A $1 billion capital raise brings pro-forma cash above $1.5 billion. The major announcement involves a merger with Mistral, a Bethesda-based defense prime contractor with decades of experience serving the U.S. Army, Special Operations Command, and homeland-security agencies. This merger grants Ondas direct prime-contractor status across multiple Department of Defense programs and access to over $1 billion in existing contract vehicles, removing a significant barrier to scaling autonomous platforms in the defense market.

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