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Ondas Secures Over $270 Million in Orders Following Dedi Barnea's Appointment
Ondas, a defense technology firm, announced it has received over $270 million in orders since late June, following the appointment of former Mossad chief Dedi Barnea as Chairman.
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What happened
- 01Ondas received over $270 million in orders since June 30, boosting its backlog and revenue visibility.
- 02Former Mossad chief Dedi Barnea was appointed Chairman and Global President of Ondas.
- 03The ULTRA system is a candidate for U.S. Department of Defense procurement, and IonStrike is progressing.
- 04The company sees a significant market opportunity worth billions due to increased global defense spending.
- 05Ondas is developing autonomous solutions for both defense and civilian applications.
The orders, which boost the company's backlog and revenue visibility through 2027, come from various markets and reflect demand for its autonomous defense technologies. Key systems like ULTRA and IonStrike are progressing in U.S. defense evaluations, with the company anticipating significant market opportunities.
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