Ondas (ONDS) Lands $56 Million European Defense Order After Key Acquisitions

Ondas Inc. (ONDS) announced $165M in new orders, bringing total bookings to $270M, but its stock fell 5% to $7.03 amid a sector-wide selloff. Peers AeroVironment (AVAV) and Red Cat Holdings (RCAT) also dropped 5%. Ondas' orders span geographies and programs, with CEO Eric Brock citing increasing demand and validation milestones.

Ondas Inc. (NASDAQ:ONDS) reported over $165 million in new orders from August to October 1, bringing total orders since June 30 to over $270 million. The orders span its autonomous defense portfolio, including ULTRA and IonStrike, and a $56 million ESAD award. The company expects this to expand its backlog and strengthen revenue visibility into 2027.

Ondas (ONDS) reported securing over $165M in orders from August to October 1, adding to $105M disclosed earlier in Q3. The total brings its recent order intake to over $270M.

Ondas Inc. reported over $270M in orders since June 30, with $165M secured from late August to October 1. The company's backlog extends into 2027, including a $56M ESAD award. This indicates strong demand for its defense-autonomy offerings, according to the company.

Ondas (ONDS) shares fell 5% to $7.02 despite securing $165M in new orders from August to October 1, adding to $105M in earlier Q3 orders. The company's backlog now exceeds $270M since June 30, with orders spanning its autonomous defense portfolio. Ondas highlighted strategic orders for ULTRA and IonStrike from US defense customers and a $56M award for ESAD from a European customer. The company expects continued demand due to rising global defense spending and autonomous technology adoption.

Ondas Inc. (ONDS) rose 5% to $7.63 after securing a $56M order for loitering munition components and receiving a Market Outperform rating from Citizens. The order, from Bron Technologies, is Ondas' first since recent acquisitions. AeroVironment (AVAV) and Kratos (KTOS) saw smaller gains. Ondas aims to convert acquisitions into revenue.