The Jerusalem PostEconomy
Ondas Invests $1 Billion in Israel, Acquires 27 Defense Tech Firms
Summarized from The Jerusalem Post by baba
Center-rightNeutral tone
Ondas has invested $1 billion in Israel over the past year, acquiring 27 defense-tech companies, mostly Israeli, to build its autonomous defense systems platform. CTO Dr. Judith Hocherman-Frommer stated that "Investment in Israel is becoming mission critical" due to rapidly evolving threats. The company is shifting towards mass production of affordable autonomous systems, exemplified by its Digital Bat program, leveraging the planned acquisition of Israeli firm ARAN Defense for manufacturing capabilities.
The story in 5 lines · by baba
- Ondas invested $1 billion in Israel over the past year, acquiring 27 defense-tech companies.
- The company aims to build a vertically integrated defense technology company focused on autonomous systems.
- Dr. Judith Hocherman-Frommer called investment in Israel "mission critical" due to evolving threats.
- Ondas is shifting towards mass production of affordable autonomous systems like the Digital Bat drone.
- The planned acquisition of ARAN Defense will bolster Ondas' manufacturing capabilities in Israel.
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