Quick Read – Ondas Holdings (ONDS) acquired six defense-technology companies in 2026 including Mistral, which brings $264M in backlog and prime contractor status including a $982M U.S.
Army loitering munitions program, raising full-year revenue guidance to at least $390M and pro forma backlog to $457M
The company finished Q1 with $1.026B in cash and estimates it can support more than $4.2B in additional M&A activity. – Ondas is building an integrated unmanned and autonomous systems platform for defense and critical infrastructure by consolidating previously standalone drone software, counter-drone, AI demining, stratospheric sensing, and command-and-control capabilities into a single operating layer. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Ondas Holdings wasn’t one of them. Get them here FREE. Ondas Holdings (NASDAQ:ONDS) has spent 2026 transforming itself from a niche drone software company into a sprawling defense-technology platform.
CEO Eric Brock told investors the strategy is to “build Ondas into a scaled global operating platform for unmanned and autonomous systems, serving defense, security, industrial and critical infrastructure markets.” The market is paying attention: shares are up 972.04% over the past year, lifting the market cap to $5.26 billion. The acquisition spree was the headline of the company’s Q1 update. Revenue hit $50.12 million, a tenfold jump year-over-year, and management raised full-year guidance to at least $390 million.