Business
Ondas Completes Merger of U.S. Defense Prime Contractor Mistral, Brings Programs in Excess of $1 Billion and Expands Direct Prime Participation Across U.S. Department of War Programs
Establishes Direct Access to U.S. Army and Special Operations IDIQ Contract Vehicles and Expands Domestic Manufacturing and Integration
About this update from Ondas Inc
[{"type":"text","content":"Establishes Direct Access to U.S. Army and Special Operations IDIQ Contract Vehicles and Expands Domestic Manufacturing and Integration CapabilitiesTransaction Strengthens Ondas' Position as a Next-Generation Defense Prime, Accelerating Deployment of Autonomous Systems Across U.S. Defense and Homeland Security MarketsAdds Approximately $264 million to Ondas' Backlog; Ondas Pro Forma Backlog, Adjusted for the Mistral and World View Acquisitions, was $457 Million as of March 31, 2026 WEST PALM BEACH, FL / ACCESS Newswire / April 24, 2026 / Ondas Inc. (Nasdaq:ONDS) (\"Ondas\" or the \"Company\"), a leading provider of autonomous aerial and ground-based intelligence systems through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, today announced it has completed its merger of Mistral Inc. (\"Mistral\"), a U.S.-based defense prime contractor with decades of experience supporting U.S. military, federal, and public safety programs.The merger, valued at $175 million, provides the Company with direct prime contractor access to U.S. Army and Special Operations contract vehicles, while adding U.S.-based manufacturing, integration, and federal contracting infrastructure. The transaction marks a significant step in Ondas' strategy to expand direct participation in large-scale U.S. government programs.Mistral brings established relationships across U.S. defense and homeland security agencies, as well as a proven track record delivering mission-critical technologies into operational environments. Mistral will support and expand its existing programs, customers and partner relationships while forming a dedicated program capture arm for Ondas in the U.S., establishing a focused capability to deliver, support, and scale the deployment of Ondas' integrated systems across defense and homeland security customers. The combination accelerates Ondas' ability to deploy integrated autonomous systems, including aerial platforms, counter-UAS technologies, and ground robotics, directly into U.S. defense programs.\"This merger marks a significant step in positioning Ondas as a fully integrated defense prime contractor, accelerating our expansion across the U.S. defense market,\" said Eric Brock, Chairman and CEO of Ondas. \"Mistral brings established access to key contract vehicles, a U.S.-based manufact...