Israeli Defense Tech Firm ONDAS Reports Over $270 Million in New Orders
Translated & summarized from Maariv by baba
Israeli defense tech firm ONDAS announced over $270 million in new orders since late June, boosting its backlog and 2027 revenue outlook. Two key systems, ULTRA and IonStrike, are advancing in U.S. military evaluations, potentially opening significant markets. CEO Eric Brock cited growing demand for the company's autonomous defense technologies and noted recent orders for Europe's loitering munition market.
The story in 5 lines · by baba
- ONDAS secured over $270 million in new orders since late June, boosting its backlog.
- The ULTRA system is under consideration for a U.S. Department of War procurement program.
- The IonStrike system, known as the "Shahed Killer," is also progressing with U.S. defense clients.
- CEO Eric Brock noted growing demand for ONDAS's autonomous defense and security technologies.
- The company also received orders for its ESAD systems for the European loitering munition market.
Israeli defense technology company ONDAS announced on Wednesday a significant surge in orders, totaling over $270 million since the end of June. This includes $165 million in new orders received from mid-August to October 1, which, combined with earlier third-quarter orders, boosts the company's backlog and revenue visibility for 2027. The orders came from various markets and product categories, reflecting a growing demand for ONDAS's autonomous defense and security technologies.
In parallel, two of the company's advanced systems, ULTRA and IonStrike, have reached critical milestones in customer evaluation processes. ULTRA is being considered for a formal procurement program by the U.S. Department of War, while the IonStrike, dubbed the "Shahed Killer," is also progressing well with U.S. defense clients. ONDAS believes this progress significantly enhances the market potential for these systems in the United States.
"The volume and diversity of our orders reflect the growing demand we are seeing for ONDAS products," stated Eric Brock, Chairman and CEO of ONDAS. He added that both ULTRA and IonStrike have already secured substantial orders and are advancing in evaluations that could open significantly larger markets for them. Further details on these systems are expected in the fourth quarter.
Brock also highlighted recent orders for the company's ESAD systems, destined for the expanding loitering munition market in Europe. He emphasized the value of adding unique technologies that integrate into next-generation defense platforms, supporting ONDAS's strategy to become a broad platform for defense and autonomous systems, providing critical technologies to the U.S. and its allies.
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