Ondas Secures Over $270 Million in Orders Following Dedi Barnea's Appointment

Ondas, a leading provider of advanced autonomous systems and next-generation technologies for defense and security, announced on Wednesday that it has received cumulative orders exceeding $165 million since mid-August. This surge in orders follows the appointment of former Mossad chief Dedi Barnea as its Chairman and Global President. Including approximately $105 million in orders received earlier in the third quarter, Ondas' total orders since June 30 amount to over $270 million. These new orders significantly boost the company's order backlog and enhance its revenue visibility through 2027. The orders span various markets and product categories, reflecting strong demand for Ondas' autonomous defense and security technologies.

Furthermore, several of the company's systems have reached critical milestones in customer evaluations. The ULTRA system is a candidate for official procurement by the U.S. Department of Defense, and the IonStrike system, dubbed "Shahed Killer," is also progressing. Ondas believes this progress strengthens the potential for these systems with U.S. defense clients. "The volume and diversity of these orders reflect the growing demand we are seeing for Ondas' products," stated Eric Brock, Chairman and CEO of Ondas. He added that ULTRA and IonStrike have already secured significant evaluations that could open up substantially larger markets, with further details expected in the fourth quarter.

Brock also highlighted an order for Bron's ESAD systems, destined for the growing loitering munition market in Europe, demonstrating the value of integrating unique technologies into next-generation defense platforms. He concluded that these developments support Ondas' strategy to establish itself as a broad platform in autonomous defense and security, providing critical technologies to the U.S. and its allies. Ondas estimates that increased global defense spending, operational lessons from current conflicts, and the rapid adoption of autonomous technologies present a significant market opportunity worth billions of dollars. The company is also exploring applications for its technologies in industrial and commercial markets, aligning with its strategy to develop autonomous solutions for both defense and civilian uses. Ondas anticipates continued growth in demand for solutions in counter-unmanned aircraft systems (C-UAS), loitering munitions, intelligence, surveillance, and reconnaissance (ISR), ground robotics, electronic warfare, AI-based command and control systems, and critical infrastructure monitoring.