Ondas Holdings

ONDS

Market cap $3.38B

Ondas' major government tender win for a large autonomous border-defense drone program boosts its growth outlook and strengthens future revenue visibility.

Policymakers are determined to drive productivity through AI and robotics. Although many investors are hyper-focused on LLMs, they would be wise to shift some attention to the coming robotics revolution.

Ondas bolsters its cash pile to accelerate defense and autonomous systems expansion and aggressive M&A, amid rising demand.

Multi-year, multi-phase program with initial purchase order anticipated in January 2026 Ondas Autonomous Systems selected as prime contractor after achieving the highest performance across key criteria in a rigorous competitive tender process against major defense primes The program will integrate multiple advanced defense technologies into a strategic System-of-Systems engineered to protect national borders and maneuvering units with fully autonomous, scalable defense and homeland security capabilities Program will include development of multipurpose drones, ground launching systems and advanced software and AI capabilities for maximizing systems autonomy and effectiveness BOSTON, MA / ACCESS Newswire / December 3, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, today announced that OAS has been selected as the prime contractor for a major development and commercialization program on behalf of a major governmental entity. Ondas expects to receive the initial purchase order in January 2026 to launch a multi-phase program spanning the next two years.

Laing's appointment to support industrywide adoption of the IEEE 802.16t ("dot16") protocol, pioneered by Ondas Networks and selected by AAR as the upgrade path for network modernization and mission-critical rail communications in North America Veteran Class I engineering leader with prior executive roles at Canadian Pacific Railway and Canadian National joins Ondas Networks Board Laing was the 2023 RT&S Engineer of the Year, currently serves on AREMA's Board of Governors SUNNYVALE, CA / ACCESS Newswire / December 2, 2025 / Ondas Holdings Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, today announced that Brent Laing has joined Ondas Networks as an Independent Board Member and strategic advisor to help support the adoption of dot16 in the rail ecosystem in North America. The Association of American Railroads (AAR) Wireless Communications Committee (WCC) announced in September 2025 that dot16, pioneered by Ondas Networks, will serve as the upgrade path for the legacy 160 MHz LMR voice network, joining the 900 MHz and 450 MHz networks where dot16 has already been formally adopted.

Second major order from European security authority expands Iron Drone Raider deployments across critical air infrastructure Integrated, autonomous CUAS architecture delivered by Airobotics as prime contractor gains traction as European agencies scale multi-layered defenses Rising drone threats across Europe accelerate adoption of automated counter-UAS systems purpose-built for safety, precision, and low-collateral operations BOSTON, MA / ACCESS Newswire / December 1, 2025 / Ondas Holdings Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, today announced that it has secured its second order valued at approximately $8.2 million from a major European security authority to deploy multiple Iron Drone Raider™ counter-UAS systems at another leading international airport in Europe. Ondas had previously announced on November 17, 2025, an earlier $8.2 million order from the same governmental customer for Raider systems to be deployed at a separate airport, representing a significant expansion of Ondas' footprint in European critical infrastructure protection.

Communication-Network Software providers like ONDS and GNSS benefit from the ongoing digitalization efforts, including a shift to cloud computing and strong deployment of AI-based applications.

My bull case rests on Ondas Holdings hitting its aggressive revenue path: FY25 was guided at least $36M and FY26 at least $110M. That's a 3x growth story. Q3 showed momentum with $10.1M revenue (nearly 60% qoq and over 6x yoy), a $23.3M backlog, plus another $18M tied to acquisitions closing or pending in Q4. Despite the top-line momentum, Ondas remains unprofitable (operating loss widened to -$15.5M), has low gross margins of just 26%, and trades at extremely high valuation multiples.

Ondas Holdings' Q3 revenue hit $10.1M, up 580% YoY, with backlog reaching $23.3M and over $40M including acquisitions. Ondas' 2025 revenue guidance increased to $36M+, and 2026 is set at $110M without unannounced M&A. Ondas expanded into a full defense-autonomy platform with Iron Drone, Optimus, and Sentrycs integration.

November was a challenging month for stocks, as macroeconomic concerns and concerns about an AI bubble weighed on prices. Most S&P 500 NYSEARCA: SPY stocks moved lower, but there is good news.