Ondas Reports Over $165 Million in New Orders in Six Weeks

Ondas has announced new orders totaling over $165 million, received between mid-August and October 1. Combined with approximately $105 million in orders previously reported for the third quarter, the company's total orders since the end of June exceed $270 million. Ondas stated that these orders will increase its backlog and strengthen revenue visibility for 2027.

The new orders come from various markets and product categories within Ondas's portfolio. Notably, two of its defense systems, Ultra and Iron-Strike, have received initial orders and are progressing through customer evaluation processes, potentially leading to broader procurement programs. Ultra is being considered for official procurement by the U.S. Department of Defense, while Iron-Strike, described by Ondas as a "Shahed killer," is also undergoing customer evaluations. The company anticipates that advancements with these two systems could unlock larger markets and plans to provide further details in the fourth quarter.

Included in the reported order volume is a $56 million deal for electronic safety and armament systems. This order targets the loitering munition market in Europe, expanding Ondas's reach into components integrated into weapon systems, not just autonomous platforms. This development occurs as counter-drone, loitering munition, and autonomous solutions increasingly capture defense budgets.

For Ondas, a key challenge is converting current evaluation-stage systems into serial orders and larger procurement plans. A successful transition for Ultra and Iron-Strike could significantly expand business with U.S. defense clients. Ondas Chairman and CEO Erick Brock commented that the volume and diversity of orders reflect growing demand for Ondas products. He added that Ultra and Iron-Strike have already secured significant orders and are advancing in customer evaluations, which the company believes could lead to substantially larger markets.

Ondas operates in diverse defense sectors, including counter-drone, loitering munitions, intelligence, surveillance, reconnaissance, ground robotics, electronic warfare, and AI-based command and control systems. The company is also involved in critical infrastructure monitoring and control. The significant aspect of this report is the rapid accumulation of over $270 million in orders since late June. The company's next test will be translating this backlog into actual revenue during 2027 and its ability to scale operations while improving performance.